Good day
Wanted to find out what is the proper procedure to follow for such scenario.
My friend mother died several years ago and his father recently died about 3 years ago without a deed.
He has 5 brothers and sisters. According to him 2 of his elder siblings a brother and sister knows about most of the assets his parents had and are hiding it from him and his other two siblings.
In such an event, what is the right things for him and his other two siblings to do, if they are unaware of their parents assets of which they hold a claim to.
Also what is the proper procedure for siblings whose parents are deceased to account for and distribute parent assets fairly.
Is there a way that siblings who are kept in the dark by other siblings can legally request a declaration of assets and hold those who are hiding assets legally responsible.
Answer
They need to hire an attorney and to probate the Estates of both parents. Remember if the parents transferred their assets before death, then reversing those transfers will be a costly process. If the assets are not worth the cost, there may be no recovery.
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