UPS Lost a Man's Nearly $700,000 Inheritance—And Here's What Happened Next

On Thursday, CBC News reported on the unfortunate fate of a Canadian man’s sizeable inheritance: He never received it, due to a lost package.

Lorette Taylor’s father had died and left his children a large chunk of cash, which Taylor, as executor, had to divide between herself and two siblings. When she tried to do so in February, her bank—TD Canada Trust—said it was best to send her brother and sister bank drafts (similar to personal checks, but considered more secure as they are guaranteed by the bank instead of by the person issuing them).

One of the drafts, in the order of 846,650 Canadian dollars ($ 664,850), was destined for her brother, Louis Paul Hebert, who hired UPS to ship it to his local store, 270 miles away from the family lawyer. The package never arrived.

Ten months later, the Ontario family complained to the media that all UPS had offered by way of compensation was $ 32, representing the mailing costs. According to CBC News’s report, TD Canada Trust refused to reimburse Taylor the money unless she agreed to refund the bank if someone found and cashed in the lost draft. It wanted her house to be the security for the agreement.

After the news went viral, TD Canada Trust removed the requirement for collateral. Taylor signed the indemnity agreement, and a new bank draft made its way to the family’s lawyer.

“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,” the bank told CBC News.

A UPS spokeswoman told the news outlet: “While UPS’ service is excellent in our industry, we are unfortunately not perfect.”

Clarification: The headline on this article was changed from the original to eliminate possible confusion about the company that was financially responsible for the lost check.

Yahoo Finance

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