The house where Joseph Stancake lived
How would you feel if one day, suddenly, you inherited a huge inheritance from a distant relative who you have lived with without knowing your name or existence for the rest of your life?
Things that only happen in fairy tales and movies have happened in real life.
According to the media in Chicago, the inheritance of Joseph Stancake, a man from Chicago who died at the age of 87 without leaving a will in 2016, is $11 million, and Stancake was never heard of about 16 billion won in our money. is distributed to 119 relatives.
The Illinois Treasurer’s Office said it learned that Stancake had died, leaving behind a large fortune in the process of returning unclaimed property.
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With no parents, siblings or children, researchers have been tracing pedigrees for years
He was found dead on December 23, 2016, in a country home in the Gage Park area of southwest Chicago, having been single all his life and living a quiet life alone without close family.
Stancake had six brothers and sisters, but all had died earlier and none of them had children.
As a result of the confirmation, Stancake’s assets amounted to 16 billion won, including a boat named ‘Easy’, bank deposits, and mutual fund investment.
The place he lived in was not rich, but the house he lived in was sold for 460 million won.
It is not known how Stancake managed to amass such a fortune, but neighbors said he led a turbulent life.
A spokesman for the Treasury Office said it had taken years for researchers to gather data and trace his genealogy to determine the legal heir.
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119 heirs from the United States spread to Slovakia
Kenneth Piercy, attorney general in charge of managing Stancake’s estate, said, “There are 119 heirs, spanning five generations, and they range from New York, New Jersey, Minnesota, Iowa, New York, New Jersey , Minnesota, and Illinois, including Chicago, to Canada, England, Germany, Poland, the Czech Republic and Slovakia “It has spread across North America and Europe,” he said.
“None of them have ever heard of a bug,” he added.
Nevertheless, they earn an average of 85 million earned per person, excluding taxes.
The Treasury Office said it was “the largest amount of unclaimed property left without a will to be returned to heirs in the history of the United States.”
“Most of the heirs live overseas, so it will take up to four years to distribute the money,” Pierce added.
Meanwhile, ‘Marketwatch’, an investment media outlet, said, “In the event of death without a will in the United States, assets such as bank accounts, real estate, and securities are handled in accordance with the ‘Testamentary Inheritance Act’. the state the deceased resided in, They said they would follow the laws of the state.
If the court cannot find the legitimacy of the heir, the estate goes to the state.
