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Wells Fargo / trust account

1 PA, United States Review updated:

My grandmother set up a trust to pay out to her grandchildren when her daughter (My mother) passed away. She passed away in dec 2009. They are still hanging on to the money (Actually stocks). They give us excuse after excuse as to why we have seen nothing from them yet. We have signed & sent all documents they want, but there is always "something else" they need to do. I sure don't think much of their trust department— I notice they always collect their fees! I may have to use a lawyer to pry their hands off of what is ours.

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Comments

  • Ch
      23rd of Sep, 2016
    0 Votes

    having similar problems with WF trust dept -- they hold on to trust money with multiple excuses for failing to distribute. excuses go on and on. But they keep the fee percentage up by holding the money that should be distributed.
    need too know how other beneficiaries fare and voice this practice

  • Gr
      20th of Dec, 2010
    0 Votes

    Wells Fargo is doing the same thing to me. I have waited 1 year for them to settle the trust and nothing. They are blamming it on the government because of the no estate tax law for 2010. You must have a lawyer early on.

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