What Surviving Spouses Must Address When Their Spouse Dies

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  • เผยแพร่เมื่อ 22 ธ.ค. 2024

ความคิดเห็น • 46

  • @lenperry781
    @lenperry781 9 หลายเดือนก่อน +17

    The main thing I learned from this is that if my spouse dies before me, I need someone like you!

  • @pamelagallo6714
    @pamelagallo6714 9 หลายเดือนก่อน +12

    I like repetitive, makes things clearer each time, and since this video is timely, I appreciate all the info...

  • @kf2478
    @kf2478 4 หลายเดือนก่อน +2

    I have "tuned into" your broadcasts and have learned a lot about estate planning. My sister and I were up against a very difficult situation and your advice was very helpful. Thank you.

  • @bookmagicroe9553
    @bookmagicroe9553 9 หลายเดือนก่อน +13

    How soon should one notify Social Security? By doing so, will the banks freeze accounts?

    • @truthboomertruthbomber5125
      @truthboomertruthbomber5125 8 หลายเดือนก่อน +2

      The funeral director informs the SSA. Our bank accounts were joint so not frozen. The credit cards were in the decedent’s name and were frozen.

  • @TR-nv3if
    @TR-nv3if 5 หลายเดือนก่อน +2

    Even if you were a beneficiary ,you have to have the death certificate to access the acct which may take several days to receive…

  • @rajbeekie7124
    @rajbeekie7124 9 หลายเดือนก่อน +4

    Repetition leads to learning.

  • @EnriqueFlo-rk1wy
    @EnriqueFlo-rk1wy 7 หลายเดือนก่อน +3

    I am so happy to see you again... although i dont understand fully. Please represent Me!

  • @southerngirl773
    @southerngirl773 9 หลายเดือนก่อน +4

    One of your best videos! Thank you

  • @kathrynreed6014
    @kathrynreed6014 8 หลายเดือนก่อน +5

    With my mom's passing mom's funds were frozen. This occurred as soon as we talked to the funeral home. They reported Mom's death and it set in motion the freezing of all her accounts.Definetly have a stash of cash.

    • @diananeely5701
      @diananeely5701 หลายเดือนก่อน

      If you add a beneficiary to your bank accounts they will not be frozen after death

  • @jimharris8707
    @jimharris8707 9 หลายเดือนก่อน +4

    Great talk - so much useful information on a topic that many people aren't familiar with.

  • @jayaghoorah9515
    @jayaghoorah9515 8 หลายเดือนก่อน +2

    Thank you for explain in things so clearly.

  • @mindaperalta8558
    @mindaperalta8558 6 หลายเดือนก่อน +5

    My spouse died last Month. The kids from his first wife, wants to get rid of me, disregard me, bullied me. They ask me to sign a waiver of rights. I got death certificate but the bank doesnt release the money and asking for letter of admin . My spouse didnt have a last will, Do you think i need to get a probate lawyer.

    • @teresaoconnell4790
      @teresaoconnell4790 2 หลายเดือนก่อน

      It might be a good idea. You have to go through probate court and the judge will make sure it is fair and lawful. If you were on any of his bank accounts as a signator that money is yours. You will need to put a notice in the newspaper to notify anyone whom your husband owed money to , so that they can be paid. It is a long process that takes up to a year. Try to get widows benefits from Soc. Sec. You need to educate yourself as soon as possible. Are you the beneficiary on any investment accounts or life insurance policy?

  • @dianearrington6666
    @dianearrington6666 7 หลายเดือนก่อน +5

    Hello, and thank youuuu.

  • @barbaragallagher9972
    @barbaragallagher9972 9 หลายเดือนก่อน +11

    My mother worked at a bank and told me Not to report the death to the bank right away

    • @peggyhavard1546
      @peggyhavard1546 9 หลายเดือนก่อน

      🧐🤔why?

    • @ginab6142
      @ginab6142 8 หลายเดือนก่อน

      @@peggyhavard1546 - that was kind of covered in the video . . . .

  • @nelanhtariley2254
    @nelanhtariley2254 9 หลายเดือนก่อน +2

    So my grandfather passed in 2019. My grandmother, his wife, didn't do a open succession. The insurance company for the hose is saying that in order to take his name off the policy she needs to do this open succession. My grandfather has a will naming my grandmother to receive the house where she still lives. The will also says that if my grandmother should pass ownership of the house goes to me. My grandfather excluded his two sons from the will because they are irresponsible. My grandmother is afraid to do the open succession because she doesn't want this to end up in court. She is 92 and doesn't have the money for a lawyer. What should she do?

    • @truthboomertruthbomber5125
      @truthboomertruthbomber5125 8 หลายเดือนก่อน +1

      Did your grandfather name an executor? That is the person who needs to be probating the will and assuming the executor role.

    • @nelanhtariley2254
      @nelanhtariley2254 8 หลายเดือนก่อน

      @@truthboomertruthbomber5125 yes, he named my grandmother as the executor of his will.

  • @maxman-357
    @maxman-357 3 หลายเดือนก่อน

    This has help me tremendously, thanks!

  • @bookmagicroe9553
    @bookmagicroe9553 9 หลายเดือนก่อน +4

    I have I Bonds and EE bonds with various adult kids named as POD (payable on death). Do they just take them to
    the bank to get their money, or is there some other procedure?

    • @annpaprocki678
      @annpaprocki678 8 หลายเดือนก่อน +3

      Old series EE bonds have to be mailed in to be cashed out. You'll need a copy of the Death Certificate. And the trustees paperwork and a copy of the trust.

  • @TR-nv3if
    @TR-nv3if 5 หลายเดือนก่อน +1

    I was a beneficiary I’m my mother’s bank acct and we were required to have an original death certificate..

  • @southernheart440
    @southernheart440 9 หลายเดือนก่อน +1

    Great video. Question: If the married couple LIVE in community property state (Louisiana) but jointly owned real estate property in non community property state (Tennessee) does widow still get the full step up in basis benefit or just half ?

    • @janofokc
      @janofokc 9 หลายเดือนก่อน +1

      Please help ! My sister died in California last year with a spouse of 25 years. She had a previous marriage that produced 2 adult children. No children this marriage. She died age 71, without a will in California. Her children want everything she had, including the marital seafood business.
      She and her current husband also have a marital home in Soquel California. Paid for. She and her current spouse also own 2 townhouses in Lafayette Louisiana. These were paid for and used as rental income Bought and paid for with marital money. . Attorney in Louisiana forced the surviving spouse to give the properties to the 2 adult children. They have put them on the market to sell. * What type of law forces you to give Real Estate that you purchased with marital funds during your 25 year marriage to grown children from a previous marriage, after the spouse death. We were thinking of moving to Louisiana, but not if my husband dies and I have to give my home to his 3 kids from a previous marriage. We have been married 44 years. His kids are awful.

  • @boatsie
    @boatsie 9 หลายเดือนก่อน +5

    If a childless couple (with no beneficiaries) has a joint brokerage and one spouse dies, if their portfolio has had a significant increases, theoretically the surviving spouse can immediately liquidate 1/2 of the portfolio with no capital gains due?

  • @rayferguson6701
    @rayferguson6701 9 หลายเดือนก่อน +1

    Can you do a will from me , I live in Tylertown Mississippi

  • @ayanezhn12
    @ayanezhn12 4 หลายเดือนก่อน

    I have a question .! What are my benefits if my husband have an Old Testament but I am not in it .!

  • @victorc4474
    @victorc4474 8 หลายเดือนก่อน +1

    little confused... Step-up Basis - if a surviving wife sells a house after 2 years of husband's death, will Step-Up Basis be applicable in this case? Or Step-Up Basis only applies if children inherit a house and decide to sell after wife's death?

    • @LRB8558
      @LRB8558 7 หลายเดือนก่อน +1

      In community property state, whole house will step-up. Non community property, half will step-up.

  • @alexandraloukas2102
    @alexandraloukas2102 9 หลายเดือนก่อน +1

    For me was totally different my husband left his sons to take care of everything in a new will before he die leaving nothing to me except to stay in the house not more than six months till I find a place to move they took everything I have no papers nothing from him and now I supposed to do my taxes and I don’t know what to do because I don’t have anything from my husband who died August 2023 if anyone can help me please even when I stay in the house for three months I pay all the other ExtrasLike water heat and everything else the only thing I did not pay was the rent

  • @pattycharlton5504
    @pattycharlton5504 9 หลายเดือนก่อน

    What if estate property is sold in life estate who gets money trustee or spouse

  • @judyrach2644
    @judyrach2644 4 หลายเดือนก่อน

    Excellent…

  • @rhondajackson5837
    @rhondajackson5837 2 หลายเดือนก่อน

    My dad died and his spouse has dementia no will what happens to his assets

  • @lindaripp5902
    @lindaripp5902 9 หลายเดือนก่อน +3

    My sweetheart died 7 years ago, now I reckon I'm going to learn what I did wrong LOL

  • @missourimule2977
    @missourimule2977 9 หลายเดือนก่อน +1

    What the heck does "step up" mean?

    • @saythankyou111
      @saythankyou111 4 หลายเดือนก่อน +1

      The locked rate of something adjusts to current value affecting the whole financial structure .

  • @toiyeuKL
    @toiyeuKL 9 หลายเดือนก่อน +1

    I cannot hear 😢

    • @WVgrl59
      @WVgrl59 9 หลายเดือนก่อน

      Sometimes that happens and you have to go back out of the video and then pick it again. I don't know why it happens.

  • @loramclain4201
    @loramclain4201 9 หลายเดือนก่อน +2

    You cannot assume these days the woman is his wife either. And once it’s gone it is impossible to give it to the real intended entitled.

  • @toiyeuKL
    @toiyeuKL 9 หลายเดือนก่อน

    Please disregard my previous comment. Somehow I had the speed set at 2x