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Reply to "How do you inherit money?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Some of it you can have right away as your name is on it, some of it goes through probate and courts and takes time. Make sure you have the full list of the accounts, bills, credit cards. I would try to simplify by closing some of the accounts and paying off the credit cards every month or stop using them completely. Make sure no new charges are put on them automatically. You will be charged interest and late fees if courts take a long time to give you the permit to be the executor. Don't forget that you have to do his taxes. Make sure you have all the papers needed to get them done easily. [/quote] Thank you. I already do the taxes so that's all set, and I'm used to getting all the papers together. That's a good idea about the accounts. My dad is Depression era so has a zillion bank accounts, and a few are empty. I was thinking those could be closed now to simplify life. Ohhh, I had not thought about making sure no new charges are put on the credit card. How would I stop that from happening? Do I call each place? This problem may solve itself. The only recurring charges are utilities, which will all go away when we sell house in a few months. Thank you! OP [/quote] If the balances are generally low, most companies write off remaining balances. [/quote]
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