No one can tell what will or will not be a good investment in the future. However --
Berkshire Hathaway's annual newsletter to shareholders has, for the past several years, discussed this. Warren Buffett is 89, and his right-hand-man Charlie Munger is 96. They know they're not getting any younger and they're not going to live forever. They have been making ...
TL;DR State keeps everything.
What exactly happens largely depends on the particular state's probate laws. These laws are notoriously complicated and vary greatly between the states.
In very rough lines, here's what happens using California as an example.
If a family member left a valid will, the assets are going to be distributed according to the will.
People have written books of these checklists. In addition to the information listed in other answers, they mention labeling the keys on your keyring and getting a list of all of the people you do recurring but infrequent business with (dentist, hairdresser, veterinarian). The better books have forms to fill out and pockets into which to insert important ...
Names of all financial accounts (brokerage, bank, money market, annuity)
Insurance policies (car, home, business, private, military, medical, disability)
Motor Vehicle Bureau
Notification list (pension, Social Security, Veteran's Administration)
Recurring payment list (utilities, homeowner's association)
Credit card info
But my question is, why not print TOD beneficiary on the monthly
statement and make it easier for the customer. Their reason for
"Security" seems bogus.
They have been moving away from having too much personal data on the bank statement. My current monthly PDF listing I get from the credit union doesn't even include the full account account ...
Is the estate responsible for any remaining debt if the car sold for less than the balance on the loan?
Yes, as well as the grandson (assuming he is the cosigner). My guess is the "deal" he tried to make with the bank was not satisfactory when they know they can more likely get the full amount from the estate. Or he is lying to you hoping to get ...
Will Berkshire Hathaway remain a good investment in the long term?
Depends on what "long term" means. A good portfolio manager will build up a portfolio that will stand the test of time. Yet, over very long intervals, let's say 50 years, it might be beneficial to gradually do changes to the portfolio, slowly divesting some and investing into ...