I have a custodian account or a guardian account with a bank about which I have no information, due to a deceased parent. The custodian of the account was supposed to pass the information on to me once I turned eighteen, but has failed to do so. I know the account belongs to me, but the custodian told me that the only way I could get full access to it is to hire a lawyer which would take lots of time and lots of money. Is this true? What is the first step I should take to transfer the ownership of this account since the custodian is not co-operating?
Without cooperation of the custodian, and no other information about the nature of the account or its location, you'll probably have to seek legal advice on how to proceed. If the custodian is being uncooperative, there is concern that management of the funds may not have been optimal.
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Without cooperation of the custodian, and no other information about the nature of the account or its location, you'll probably have to seek legal advice on how to proceed. If the custodian is being uncooperative, there is concern that management of the funds may not have been optimal.
