TheLastColdBeer Posted September 4 Member ID: 489 Group: *** Clan Members Followers: 51 Topic Count: 552 Topics Per Day: 0.10 Content Count: 4728 Content Per Day: 0.86 Reputation: 6024 Achievement Points: 41835 Solved Content: 0 Days Won: 18 Joined: 09/22/09 Status: Offline Last Seen: 12 hours ago Birthday: 01/09/1963 Device: Kindle Fire Share Posted September 4 Not a happy topic, and virtually no one is prepared for end of life. All I can say at the moment, if you actually have anything of value, property, accounts, IRAs or 401s, put a beneficiary's name on them. Title upon death for property/homes/land & names on accounts. You DO NOT want a court involved in transfer, and you definitely do not want anything trapped in Probate court. A valid will is nice, but can be ignored by probate if monies exceed a certain value ($75k +) and they get involved. Direct transfer is the best method. Why am I saying this? A valid will was recorded last December, and the Probate court has yet to schedule a hearing or issue papers declaring the estate open. Property standing empty for a year is a welcome mat for squatters, and the IRS & Social Security office is not understanding. You don't want your own accounts drained maintaining something that may never be yours. Courts & attorneys have no concept of time, & no concern for expenses created. Ghostlupus, Dirk Diggler, loaderXI and 4 others 7 Link to comment Share on other sites More sharing options... Awards
major-mark63 Posted September 4 Member ID: 23233 Group: *** Clan Members Followers: 22 Topic Count: 47 Topics Per Day: 0.01 Content Count: 2684 Content Per Day: 0.81 Reputation: 2067 Achievement Points: 21068 Solved Content: 0 Days Won: 8 Joined: 09/10/15 Status: Offline Last Seen: 8 hours ago Birthday: 08/11/1963 Device: Windows Share Posted September 4 Strange that you you talking about that topic @TheLastColdBeer, i was just getting ready to redo my will . Here in Quebec is the same no will , its the government (civil laws )whos gonna make the rules. My mother passed away last october and her papers were messed up, same parts in will and some parts in handwriting, was very complicated to make these clear and cost a lot more money than having an up to date will. Making a will and getting beneficiaries on all the stuff you need to is not gonna kill you... TheLastColdBeer and BUDMAN 2 Link to comment Share on other sites More sharing options... Awards
HarryWeezer Posted September 4 Member ID: 20166 Group: *** Clan Members Followers: 40 Topic Count: 611 Topics Per Day: 0.15 Content Count: 7655 Content Per Day: 1.90 Reputation: 7232 Achievement Points: 53682 Solved Content: 0 Days Won: 36 Joined: 10/04/13 Status: Offline Last Seen: September 18 Birthday: 10/16/1946 Device: Windows Share Posted September 4 Good advice. Please take it. When COVID emerged, we finally got our financial affairs in order. I can't imagine leaving my family in such a state. BUDMAN, TheLastColdBeer and major-mark63 2 1 Link to comment Share on other sites More sharing options... Awards
E-raser Posted September 4 Member ID: 23622 Group: ++ COD5 Admin Followers: 25 Topic Count: 54 Topics Per Day: 0.02 Content Count: 562 Content Per Day: 0.17 Reputation: 473 Achievement Points: 5857 Solved Content: 0 Days Won: 2 Joined: 11/25/15 Status: Offline Last Seen: Tuesday at 12:37 PM Birthday: 01/01/1954 Device: Windows Share Posted September 4 May want to consider a 'living trust' .. My dad had his estate in one, so when the 'time came' - it was a simple matter for my brother and I to access the estate without probate. It actually went quite smooth for us. What helped was we get along very well so there was no contesting of the assets. 50-50 Smeggie, major-mark63, BUDMAN and 1 other 4 Link to comment Share on other sites More sharing options... Awards
SparksHunter Posted September 4 Member ID: 28269 Group: *** Clan Members Followers: 11 Topic Count: 8 Topics Per Day: 0.00 Content Count: 96 Content Per Day: 0.06 Reputation: 148 Achievement Points: 1016 Solved Content: 0 Days Won: 0 Joined: 04/17/20 Status: Offline Last Seen: 5 hours ago Birthday: 07/21/1956 Device: Windows Share Posted September 4 2 hours ago, E-raser said: May want to consider a 'living trust' .. My dad had his estate in one, so when the 'time came' - it was a simple matter for my brother and I to access the estate without probate. It actually went quite smooth for us. What helped was we get along very well so there was no contesting of the assets. 50-50 My parents had one, and what a simple, no fuss way to take care of your survivors. The wife and I have a trust set up for our kid as well. major-mark63, TheLastColdBeer, E-raser and 1 other 4 Link to comment Share on other sites More sharing options... Awards
tsw 8.5 Posted September 5 Member ID: 906 Group: *** Clan Members Followers: 144 Topic Count: 528 Topics Per Day: 0.10 Content Count: 17308 Content Per Day: 3.20 Reputation: 42416 Achievement Points: 150286 Solved Content: 0 Days Won: 684 Joined: 12/20/09 Status: Offline Last Seen: 31 minutes ago Birthday: 11/30/1960 Device: Windows Share Posted September 5 after my wife passed away in May . i put everything in my kids name so she won't have to go through what i did . Smeggie, BUDMAN, major-mark63 and 1 other 4 Link to comment Share on other sites More sharing options... Awards
Giggles Posted September 5 Member ID: 1217 Group: *** Clan Members Followers: 72 Topic Count: 93 Topics Per Day: 0.02 Content Count: 1600 Content Per Day: 0.30 Reputation: 1845 Achievement Points: 14618 Solved Content: 0 Days Won: 3 Joined: 03/04/10 Status: Offline Last Seen: Friday at 05:10 PM Birthday: 01/21/1978 Device: Android Share Posted September 5 Big ol facts here. I know most people think I'm young and have years before dealing with this but facts are it could happen to anyone at any time. BUDMAN, tsw 8.5 and TheLastColdBeer 3 Link to comment Share on other sites More sharing options... Awards
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