An $846,000 Inheritance Got Lost In Transit. That Was In February

(THIS ARTICLE IS COURTESY OF NPR)

 

An $846,000 Inheritance Got Lost In Transit. That Was In February

It has been more than nine months since a family in Canada realized that UPS lost a bank draft worth $846,000 (Canadian) that was sent to an inheritor. So far, the only money recovered is the $32 it cost to ship the document. The family’s bank, TD Canada Trust, has delayed issuing a new bank draft.

Lorette Taylor, who lives in Ontario, was distributing the proceeds from her late father’s estate when she tried to send an inheritance to her brother, Louis Paul Hebert, who lives near Cornwall, Ontario, some 270 miles from the office of the family’s lawyer.

Their story ran on the CBC on Thursday — and within hours, reporter John Lancaster says in a tweet, TD Canada Trust issued a statement on Thursday that read, “It’s clear to us we didn’t get this right along the way and that there was more we could have done to come to a resolution faster.”

Taylor told the CBC that she and her husband, John, went to their longtime bank, TD Canada Trust, hoping to get a certified check for $846,000 Canadian — around $660,000 in U.S. dollars, at today’s exchange rate. But TD employees had a different idea. As Taylor said, given the large sum, “They said a bank draft was more appropriate.”

Bank drafts are generally seen as being one step beyond cashier’s checks, in terms of security and guarantee. In nearly every case, they’re issued to signify that a bank has total control of the money being transferred. And in theory, at least, they’re able to be replaced or reimbursed if an initial draft is lost or destroyed.

An mage taken from a TD Canada Trust error messagethat NPR received when trying to read about how the institution handles bank drafts.

TD Canada Trust/Screenshot by NPR

We can’t get more specific about how TD’s Canada operation handles bank drafts, because when we clicked a link in this statement on its site to “find out more information about purchasing a draft,” the site returned a page stating, seemingly without ironic intent, “The document you requested cannot be found.”

The Taylors’ bank draft never made it to Cornwall. UPS says it was able to track it to Concord, north of Toronto. But after that, the shipping company says, the trail turns cold. In February, TD Bank said the draft could be canceled — but only if the Taylors signed an indemnity agreement.

“Essentially, the bank wanted to hold Lorette — the executor of her father’s estate — liable for life if the draft was cashed illegally,” the CBC reports. Under the terms, the liability would extend to Lorette’s spouse and heirs.

Lorette Taylor eventually signed that agreement; the bank still did not produce the funds. TD officials told the Taylors that they would need to secure the balance of the draft further, by taking a lien on their home. To that, they refused.

“If the bank really wants indemnity,” she said in explaining her thinking to the CBC, “then UPS should sign it.”

There may now be new hope of a deal being reached, particularly as TD Canada Trust has issued a new statement as the story has won a wide audience in Canada and beyond.

But Hebert, 61, who went to the UPS store to await his hefty check back in February, is still waiting.

“TD has the money” he told the CBC. “The money is actually sitting in an account with TD. Nothing has been stolen. It’s there. That’s my inheritance.”

Every day, Hebert said, he kicks himself for not simply driving to pick up the bank draft.

Discussing the difference the money could have made, he said, “I would have been retired.”

Late Night TV Jokes About Mr. Trump, Gore, And A Few Other American Politicians

(THIS ARTICLE IS COURTESY OF REAGAN REPORTS WEB SITE)

Late Night Jokes of the Week
The Tonight Show Starring Jimmy Fallon

  • A former “Apprentice” contestant says that Donald Trump didn’t know the names of all the women on the show, and would describe them by their bodies and looks. When asked about it, Trump said, “Which woman said that? Brown Hair/Lazy Eye or Blond Hair/Nose Job?”
  • Donald Trump just released a new TV ad attacking Hillary Clinton’s health, with clips of her coughing. Which was effective till the end, when he says, “I’m Donald Trump and I approve this message. (LONG SNIFF)”
  • Yesterday, Al Gore campaigned for Hillary Clinton at a Florida rally attended by 1,600 people. Unfortunately for Gore, a recount showed that it was only 1,300 people.
  • A new study finds that having acne could be a good thing because it protects your skin from aging. And then teenagers were like, “Right now it just feels like it’s protecting me from girls.”
  • Samsung is sending out thermally insulated “flameproof” boxes for people returning its exploding Galaxy Note 7 phones. Samsung says they’re being “extra cautious,” while UPS is saying, “Please use FedEx.”

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Jimmy Kimmel Live!

  • Paris Hilton just bought an $8,000 Chihuahua. How does Paris Hilton still have $8,000?
  • The dog weighs 12 ounces. I’ve eaten hot dogs that weigh more than 12 ounces. That’s not even officially a dog, that’s a hamster; she spent eight grand on a hamster.
  • President Obama is winding down his time in office. He’s got less than 100 days left. But he’s keeping busy, still pushing his agenda, he’s working to fight climate change, he’s shortening sentences for drug offenders, every night he goes down to the basement to visit Merrick Garland, his nominee for the Supreme Court.
  • The reason President Obama is working so hard up to the end is to avoid helping his wife pack the house; it’s a pain in the [butt], and he wants no part of it.
  • I hope Obama grows a huge retirement beard like David Letterman.
  • Some very prominent Republican donors are reported to be asking for their money back. Because if there’s one thing Donald Trump is known for, it’s giving money back.
  • Asking Donald Trump for your money back is like asking Chris Christie for a bite of his cheeseburger, it isn’t going to happen. You’ll have to pry it out of his cold, tiny hands.

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Late Night With Seth Meyers

  • Donald Trump told supporters last night to go out and vote on November 28th, when Election Day is actually November 8th. Unless November 8th is just a lie being spread by the liberal media.
  • Donald Trump, last night, criticized Republicans who are dropping support for his campaign, saying, “I wouldn’t want to be in a foxhole with a lot of these people.” Trump made the comment while talking to everyone’s favorite foxhole, Bill O’Reilly.
  • Trump’s campaign manager, Kellyanne Conway, said this morning that Republicans should decide whether or not they support Donald Trump and “stop pussyfooting around.” That’s the worst choice of words since Abraham Lincoln said, “I need slavery like I need a hole in the head.”
  • Today was Yom Kippur, or as Gary Johnson calls it, “The capital of Thailand?”
  • Former House Speaker John Boehner says he still plans on voting for Trump even though he said, “Donald wasn’t my first choice, wasn’t my second choice, for that matter he wasn’t my third choice.” “Who was your fourth choice?” whispered Jeb.