What to do about a Will if both executors are deceased?
Question Details:
My stepgrandmother had been in a nursing home for the last 2 years and passed away. They found her life insurance policy and Will which they read and bonds. Both of the executors named in the Will are deceased. We have tried to locate her 2 children with the help of the coroner but cannot. They will release the insurance papers so I can make contact with them and the Will. What do I do with it? The bonds they found and are saying that they will be turned over to public aid. They were never signed but want to make sure this is legal. Any advise would be helpful.
Wills, Trusts, Probate Law Answers
I am so sorry for your loss. If no one is stepping up to the plate here then you yourself can offer the Will for probate and asked to be appointed as the Executor given the circumstances. That will give you the power to be able to act under the law, and the powers are many. Now, I would take the bonds to a trading company or an investment house and have them looked at. You may be able to show purchase and possession and chain of custody and the estate - you - can execute them on the decedent's behalf. Legal help is advised. Good luck.
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