Would you seek interest reimbursement, too?

[Anonymous]

Long story short, I paid funeral expenses for a relative several months ago out of my savings account. It’s been several months for the estate to settle to get reimbursed. Had the money sat in my account, it would’ve accrued compounded interest. Would you request the interest lost or only the amount paid toward the funeral costs? It was nearly 10k for what it’s worth.

[Anonymous]

No

[Anonymous]

If you’re dealing with a third party executor and no one in your family will hear about it, sure. Otherwise, no.

[Anonymous]

You are talking about $100 in interest at most. Probably a lot less if you subtract taxes. Is it that important to you?

[Anonymous]

Nope. No way.

[Anonymous]

No way.

[Anonymous]

No! How petty of you. In general, among friends and relatives, you do not consider interest unless you signed a loan contract. My husband has actually signed loan contracts with his brothers, for large sums of money over a period of years. In those cases, whoever owed paid the interest as well.

But a few months and for 10K? Get out of here.

[Anonymous]

No. I reimbursed myself for funeral expenses and it took 2-3 months just to get the estate checking account set up.

Funeral
Get death certificate (can take weeks)
Hire attorney (can take weeks)
File
Get estate EIN
Set up estate account (can take weeks)
Get money from life insurance, bank accounts, etc. etc. to put in estate checking account (can take weeks)
Start paying expenses

[Anonymous]

If the interest was $10k, sure. Otherwise, no.

[Anonymous]

Nope. My BIL had zero insurance (it lapsed apparently). We paid in full, at last minute. No reimbursement. I could not imagine asking for <$100 in your case.