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Re: End of life finances, way over my head

Thanks for the information! I meant to clarify that I was listed as the beneficiary for the IRA, 401(k), and the Capital One account--so those pass directly to me. Unfortunately, she didn't put me on the Wells Fargo account, so that goes into the estate. The house passed to me upon death and typical...
by elha
Sun Feb 23, 2014 12:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: End of life finances, way over my head
Replies: 38
Views: 6413

Re: End of life finances, way over my head

Desperate for a second round of advice--I've edited my original post at top.
by elha
Thu Feb 20, 2014 2:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: End of life finances, way over my head
Replies: 38
Views: 6413

Re: End of life finances, way over my head

1) You have told us that there is $85K of debt on the house, but how much will it sell for when the time comes? The amount of equity in the home could change the answers to your questions, potentially significantly. It is appraised at 175000 so we are, I think, exempt from capital gains tax, unless...
by elha
Thu Sep 19, 2013 3:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: End of life finances, way over my head
Replies: 38
Views: 6413

Re: End of life finances, way over my head

First of all, thank you for the advice and kind words. I've done a bit more research and I wanted to run the following by all of you savvy investors: The primary concern right now is that our income is limited to SS Disability and my mom will soon need assisted living. Assuming ~$3500/mo for a facil...
by elha
Wed Sep 18, 2013 6:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: End of life finances, way over my head
Replies: 38
Views: 6413

Re: End of life finances, way over my head

Excellent advice from both of you. Thanks! BolderBoy--she doesn't yet qualify for Medicare (there is a 24 month wait period after disability benefits go into effect, we're only a few months in). I hadn't thought to look for legal aid groups in the area, but I'm sure they're around. We've got three l...
by elha
Sun Sep 01, 2013 12:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: End of life finances, way over my head
Replies: 38
Views: 6413

End of life finances, way over my head

EDITED 2/20/2014: Hello again! Thank you all for the advice and kind words in response to my original post. Shortly after I wrote the original message things began to change and we decided to leave her accounts as they were. She passed away last month and I'm having a bit of trouble sorting out the ...
by elha
Sat Aug 31, 2013 6:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: End of life finances, way over my head
Replies: 38
Views: 6413

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