child's ins settlement

1 Answers. Asked on Feb 24th, 2014 on Insurance - New York
More details to this question:
I lost my father when I was a child. I received a settlement as a result. I think that my Mother drained the acct and closed it. I know that at one point the money was with Marine Midland Bank, which has since been bought by HSBC. How long would a bank retain records in regards to matters like this. I am pretty sure that was illegal for her to take the money and an oversight on the bank's part by giving her access to the money.
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Answered on Feb 25th, 2014 at 3:55 PM

I'm sorry to hear about this.  I think the best thing to do would be to try and find out if a lawyer handled the settlement.  If so, the funds are likely protected.  If the money was given directly to your mom without any court or attorney interference, then you should likely try and do some backtracking with the bank.  Your best bet would be to likely go into your local branch with a picture ID and ask if any accounts have even been opened in your name.  See what you can find out.  They should be able to get most, if not all, of any records that were in your name.  If the account was in your mom's name, you likely won't be able to get access to those records without her approval.  I hope you can find the information you need.  Best of luck.

NOTE: This response is general in nature and should not be considered legal advice.  No attorney-client privilege exists or is formed by this response.  

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