Forums
New posts
Search forums
What's new
New posts
New profile posts
Latest activity
Internet Search
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
General Discussions
The Watercooler
Well...had that difficult talk
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="gcvmom" data-source="post: 399215" data-attributes="member: 3444"><p>In our state, probate kicks in if you have assets over $100K and no surviving spouse (we are a community property state). </p><p> </p><p>If you are stated as a beneficiary or co-beneficiary on the life insurance, then when the claim is filed you HAVE to be given your share. I believe probate only gets involved if there are assets with no co-owner or beneficiary names (like a house, or car, or savings account held only in the deceased's name, etc.)</p><p> </p><p>For example, when my mom contacted a financial institution about closing some of my dad's accounts, we learned that my brother and I were co-beneficiaries (along with my mom, who got 50% and we each got 25%). And it doesn't involve probate because we were already named as beneficiaries and it's legally binding.</p></blockquote><p></p>
[QUOTE="gcvmom, post: 399215, member: 3444"] In our state, probate kicks in if you have assets over $100K and no surviving spouse (we are a community property state). If you are stated as a beneficiary or co-beneficiary on the life insurance, then when the claim is filed you HAVE to be given your share. I believe probate only gets involved if there are assets with no co-owner or beneficiary names (like a house, or car, or savings account held only in the deceased's name, etc.) For example, when my mom contacted a financial institution about closing some of my dad's accounts, we learned that my brother and I were co-beneficiaries (along with my mom, who got 50% and we each got 25%). And it doesn't involve probate because we were already named as beneficiaries and it's legally binding. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
General Discussions
The Watercooler
Well...had that difficult talk
Top