I called the IRS to find out where my father bank at so that I can get my CDs?

Question

They told me it was against the law to give out that information. And my stepmother said that was there CDs together, but my father said before he died that they were me and my brothers and sisters. I need to find out if their is another alternative. I know one bank he bank at but the other one is a mystery.

Answer 1

Eventually the bank will send a statement to the last known address.

You don't really state whose CDs they were.  If they were your father's and you and your siblings are to inherit them the executor of his estate has the right to that information.  All IRS will have is 1099s for interest paid in 2007 or earlier.  

Answer 2

If your father left a will, check that.

If he left any paperwork, check that.  

If you have a copy of his death certificate, you could take a copy of it to the banks in his area, or mail it to them, and ask if he had any accounts there.  He may have named you and your siblings as beneficiaries when the CDs were established.  If you do this, send as complete information on your father as possible, so that they can identify him positively.  That would include full name, date of birth, any addresses you had for him for the last 5-10 years, and a social security # if possible.  

Answer 3

The bank would have continued to send mail about the items held with them.  Unless your stepmother moved, she would still be getting the mail.  Ask her.

Answer 4

Unless the CD's were in your name there really isn't a lot that you can do about it. Unfortunately.

The bank isn't able to release that information to you because you are not on the account and yes that is against the law.

Like the other answer, you may be able to hire a lawyer and see if there was a will made out for you and your siblings and what you are able to inherit.

I wont hate to think that your step mother is going to benefit while you arent able to receive your inheritance.

Good Luck

Answer 5

If the CD's were in the joint names of your father and step mother, then they are hers and not yours no matter what your dad told you.

If he had them in his name and yours, then you should be able to get info from the bank, but you'd have to just figure out where he banked since the IRS can't tell you.

If they were in his name alone, if they were in his will to go to you then you should get them.  If he didn't leave a will, then distribution would depend on the laws of your state.