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Reply to "How do you inherit money?"
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[quote=Anonymous][quote=Anonymous]This is a very simple set of tasks. There's absolutely no need for an estate atty, a trust or even probate. Lotta bad advice on this thread. Close as many accounts as you can now. If you don't have a power of attorney document, do that now. All you need is a notary not a lawyer. Yes, keep the joint account open to pay all his bills then split the remainder with sibling. Once it's empty, close it. Is there a house that you have to sell?[/quote] Agree a lot of the advice here doesn't make sense given the type of assets and assuming beneficiary designations have been set up on the accounts. Might need probate for the house though unless you can do a transfer on death deed.[/quote]
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