I inherited an IRA and a regular account along with my 2 siblings at Fidelity from my recently deceased M (I have posted before on this issue but there is now a new twist). DM also had an IRA at US Bank where they can't find a beneficiary form and they refused to move it to Fidelity when she was alive. DB gave them the paperwork but she was too ill to go into to the branch and they said she needed to.
They are now saying it was their fault it wasn't moved and they would be glad to move it now but Fidelity says they can't move it because DM is dead. DB has a TN for the estate.
I filed a complaint with the MO AG but all it resulted in was a letter from US Bank saying they always ask all depositors if they want to update beneficiary info ... it doesn't mean they have any actual info to update (DB and DM thought no point, it was her 3 kids) and that they will move the money now. The AG says I can write a rebuttal letter in response to that.
Anyone ever: 1) write such a letter? I have no idea what to put in it that would add anything that I haven't already said in my complaint. 2) Any luck having an account moved to another account of a deceased person? 3) Use the Federal Consumer Protection Board? (Looks like just a place to complain) or 4) Have any suggestions
The amount of the IRA would put it in small claims probate that would require a lawyer (good old Missouri leg protecting their cronie's jobs) and court fees, which US Bank has not volunteered to pay even though it's their fault we need to do it.
I thought of calling Fidelity myself and asking to speak to a supervisor. Not sure if that would work or not. They say it's the IRS rules that won't allow them to move the $.
Any ideas would be appreciate. DB just wants to get a lawyer who charges by the hour and won't say how long this will take.