12th Mar 2010

Settlement of Estate

I was executor of the estate of my cousin who died in April of 2000. She left sums of money to 40 people, ten charities and the remainder to a hospital research department. The process (extensive research needed) was completed in Nov. 2001. The money was determined by amounts and not percentages. She has two nieces, who were left sixty thousnad dollars, but other than that, I am her only relative, being her third cousin. I received the contents of her home and her car, along with fifty thousand dollars. As executor, I received 17,000 dollars. The entire estate was worth $650,000. My question is this: I found $20,000.00 in stocks that I did not know about. The company sent me a letter informing me of the funds. The estate has been closed and everyone paid. The attorney that handled the matter with me states that the stock goes to me. The estate work is done, and I should get the death certificate and executor certificate, obtain the stock certificates (since they were lost) and have them transfered into my name. Then I can take the funds and keep the stock or liquidate it. I live in Atlantic County NJ, my cousin lived in Bergan County, NJ. She was never married and had no children, and as I stated, has two nieces that have had no contact with me or with the deceased in decades, except for the time I signed the checks for the funds she left to them. Is this stock rightfully mine? Should it go to the research hospital who received the remainder of the estate after all of the people and charities received the amount stated in her will? Two lawyers explained that the stock was mine since the work on the estate was completed several years ago. Thank you in advance for your help. If you need clarification, please let me know. Sarah Ann




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