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Reply to "How do you inherit money?"
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[quote=Anonymous]The executor will spend alot of time on the phone, online and submitting documentation. Here is a hi-level of what is involved. #1 Handling funeral arrangements. #2 Getting death certificates #3 Handling bills, shutting down accounts etc. #4 Filing claims for any insurance policies, bank accounts, retirement accounts etc. #5 Filing probate in the city/county of the death. Etc. Everything starts with a phone call. There is alot of paperwork and what one entity wants in terms of documentation will be different from the next. It is a lot of work to handle a loved ones estate. If their estate is well documented and organized that is great but it is still alot of work. I can't imagine having to do this for a family member who lives across the country having done this twice locally.[/quote]
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