Timeline for Is the beneficiary of life insurance responsible for the debt?
Current License: CC BY-SA 3.0
22 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Apr 26, 2017 at 14:35 | review | Suggested edits | |||
| Apr 26, 2017 at 14:36 | |||||
| Apr 25, 2017 at 13:51 | review | Suggested edits | |||
| Apr 25, 2017 at 14:03 | |||||
| Apr 13, 2017 at 23:53 | review | Suggested edits | |||
| Apr 14, 2017 at 11:50 | |||||
| Apr 3, 2017 at 15:16 | review | Suggested edits | |||
| Apr 3, 2017 at 15:23 | |||||
| Mar 31, 2017 at 19:17 | review | Suggested edits | |||
| Mar 31, 2017 at 19:25 | |||||
| Mar 20, 2017 at 16:03 | comment | added | Cayde 6 | @PeteB. At this point, it looks like he gets them all. She was in the process of changing her beneficiaries again, but the paper work got kicked back the day before she died (she forgot to fill out her SSN), so presumably it is still in my name. Once all that gets sorted out, I will be able to figure out if can help with some of the expenses. | |
| Mar 16, 2017 at 15:16 | review | Suggested edits | |||
| Mar 16, 2017 at 16:29 | |||||
| Mar 15, 2017 at 2:39 | review | Suggested edits | |||
| Mar 15, 2017 at 3:24 | |||||
| Mar 14, 2017 at 20:25 | review | Suggested edits | |||
| Mar 14, 2017 at 22:32 | |||||
| Mar 14, 2017 at 15:20 | comment | added | Pete B. | What about the marital debts? Does your father now get them all? Just curious. | |
| Mar 14, 2017 at 15:01 | comment | added | Cayde 6 | Thank you very much for the insights! I have been in contact with a local laywer, and they echoed what you said. | |
| Mar 14, 2017 at 14:59 | vote | accept | Cayde 6 | ||
| Mar 14, 2017 at 13:48 | comment | added | Ogre Psalm33 | @TomTom is right. In the US it is called the gift tax. You may want to consult with a tax or estate professional. | |
| Mar 14, 2017 at 12:49 | review | Suggested edits | |||
| Mar 14, 2017 at 14:47 | |||||
| Mar 14, 2017 at 0:47 | review | Suggested edits | |||
| Mar 14, 2017 at 3:05 | |||||
| Mar 13, 2017 at 20:49 | review | Suggested edits | |||
| Mar 13, 2017 at 23:17 | |||||
| Mar 13, 2017 at 20:49 | comment | added | Sam | "You do not need to pay for any final expenses, but I would suggest you do. Make sure your mom has a nice funeral." This is needless proselytizing. Some people don't believe in the value of funerals. Some prefer donations in their name. Some want a party. | |
| Mar 13, 2017 at 18:32 | comment | added | mostlyinformed | But the overall conclusion is very likely right (in my view). | |
| Mar 13, 2017 at 18:29 | comment | added | mostlyinformed | Right answer, somewhat off on the reasoning, in my opinion. Assuming the OP is in the U.S., then the law of her state probably provides that life insurance usually does not become part of the calculation of the assets and debts of the deceased's estate, but instead goes directly to the beneficiary. (I say "probably" because since this is a legal question the OP would need to talk to a lawyer in her jurisdiction about it to get a decisive answer, and because since we don't know the particular state the asker is in we can only talk about the most commonly applicable rule.) | |
| Mar 13, 2017 at 18:21 | comment | added | TomTom | "Let us assume that your father now has all the marital debt. Should you pay some of it?" - Beware of Tax implications. Technically that could be seen as a donation which often are taxed. | |
| Mar 13, 2017 at 14:34 | history | edited | Brythan | CC BY-SA 3.0 |
deleted 4 characters in body
|
| Mar 13, 2017 at 14:08 | history | answered | Pete B. | CC BY-SA 3.0 |