When Jay Pallatt died in February of 2013, nobody expected his widow would have to fight two years to get the last of his assets. Sharon Pallatt went to the bank after Jay’s death and successfully closed all his accounts except for one that Wells Fargo told her required additional time. The bank claimed the account contained real estate that would require additional time to cash out but the estimate of a few months proved woefully inadequate. As of now, the bank still refuses to return the money even after an investigation by a local news station.
See Tammy Vigil, Widow battles Wells Fargo to get beneficiary funds from deceased husband’s account, FOX 31, August 12, 2015.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.
