Here’s the situation, so I just recently 2/12/18 received a reclamation letter from Synovus bank stating I return an amount of $1,492 that was placed in my mother’s QIT. My mother passed away on 10/4/15. I did my due diligence and informed the bank and Medicaid. I returned the exact amount on 11/3/15. On 12/4/15 I received a letter from Synovus stating the amount of $1,492 had been returned. So what do I do now? Is this a scam or is this for real? I’ve saved all my documents and receipts.
so mom on Medicaid had a QIT (aka a Miller Trust) that got her income each month so she could be OK for Medicaid income limits (as her monthly was too high). Miller was held though Synovus Bank. If you google them well they don’t have a stellar rating from consumers as they seem to be beyond crappy on timely basic bookkeeping.... Anyways mom dies with a $1492 balance in QIT which in theory should escheat to the state as whatever is left in the QIT as per terms of the QIT is states assets to use to recover and $ paid by Medicaid.
You do what your supposed to do. $ goes back to QIT. Mom’s dead, there’s no other assets. Any other Recovery is phfft as mom died with no assets, so no probate, no MERP. Case & casket closed.
But now in 2018, the state or better yet the outside contractor the state is using for MERP in its contracted due diligence has requested compliance data from Scrapola Bank from 2014, 2015, 2016, etc. And Scrapola hasn’t kept stellar records so they contact whomever on file to get them to basically do Scrapola’s job. You’ve done your part, have it documented, it’s done.
To me sending a “reclamation” letter is a red flag that they are clueless. It’s my understanding (btw I’m not an atty) that “reclamation” letter is used for bankruptcy filings OR for when a biz sells products that are not paid for but are delivered however the deadbeat received an item of value & doesn’t pay for it. Usually its a big tangible item like a bobcat, generator, automated dishwasher system, you get my drift. After Hur. Katrina (I’m in New Orleans & own a biz), if you had losses due to a tangible delivered but client didn’t pay for (due to the chaos from Katrina) you kinda were supposed to send out a reclamation letter to them so you could clearly establish why your writing it off as a loss and you attempted to get paid; it make it smoother for getting a loan or grant. “Reclamation”,lol, no item to reclaim from you.
Btw your post has created a wormear I’m gonna be stuck with this weekend, back to elementary school and that Columbus pageant song... “in fourteen hundred & 92, Columbus sail the ocean blue......”, I was Queen Isabella by default as I had long black hair... actually I’m more a Empress Carlotta type.
Let us know what happens, btw your ? is the first of its type on AC that I’m aware of. & thanks!
We live in a world that nothing can be taken as legitimate, until we spend time verifying it is time consuming and frustrating. Better safe then sorry. Best luck getting this monkey off your back.