My great-grandmother passed away when I was 18 years old. She left me a sum of money that I would have access to upon turning 21. I don't know much beyond that, but I remember I had to sign a slip shortly after her death with my name and birthday to send to her financial advisor, who is with Edward Jones. I have recently turned 21 and have incurred some debt in the past year after undergoing a medical procedure that I would like to pay off. If I call the advisor, will he be able to help me access some of the money (just enough to pay the bills)? Is there anything typically that would stop me from having access to the funds? I'm graduating college soon and would prefer to have as minimal debt as possible. The office that the advisor works out of is in New Jersey, while I am in Florida. Will I have to see him in person to access the funds?
I would start by calling the financial advisor and asking him/her about how the funds are held and what the process is to withdraw from those funds. Ask if they are held in a trust, and if so, request a copy of the trust. If there is a requirement that you go in person, there is a financial advisor that works for Edward Jones located in Sarasota that should be able to assist you. A simple google search for "Edward Jones Sarasota FL" gave me his name. https://www.google.com/?ion=1&espv=2#q=edward+jones+sarasota+fl If they don't help, THEN contact an attorney that can make some further calls on your behalf.
If you have found my answer helpful, please mark it as such! My comments are not intended to establish an attorney-client relationship and are not confidential. To obtain proper legal advice, seek an attorney who agrees to represent you, who reviews the facts of your specific case, who does not have a conflict of interest preventing the representation, and who is licensed as an attorney in the state where the law applies.
Send a demand letter to the trustee of the Trust.
If unsuccessful-hire an attorney.
The answer given does not imply that an attorney-client relationship has been established and your best course of action is to have legal representation in this matter.
If Edward Jones is managing this asset on behalf of your great-grandmother's estate, then it would be a good idea to contact them.
If not, then whoever is the successor trustee or executor of your great-grandmother's estate would be the appropriate person.
I concur, you need to contact the financial advisor by telephone and send him a correspondence (return receipt requested) advising him/her that you have reached the age of 21 years and are entitled to all the funds in the account. Be prepared to also send him/her a copy of your birth certificate evidencing this fact. There is NO legal reason why he should immediately turn them over to you. Upon reaching age 21 the money became yours.
This answer has been prepared for informational purposes only and does not constitute legal advice. The information is not provided in the course of an attorney-client relationship and is not intended to substitute for legal advice from an attorney licensed in your jurisdiction.
Years licensed, work experience, educationLegal community recognition
Peer endorsements, associations, awardsLegal thought leadership
Publications, speaking engagementsDiscipline