Power of attorney not accepted

[Katsmeow]

Quote:

Originally Posted by meierlde For house sales it would be the capital gain that appears, not the selling, The big items would be and interest or dividends. BTW if you buy turbotax business it does 1041s. The big decision if there is income is how much to to send to beneficiaries, because the rate structure on an estate tax return is steep.

There won't be any interest or dividends. My mom's bank account and IRA passed to me outside of probate. I had to take an RMD on the inherited IRA as my mom had not taken it this year, but that is taxable to me.

The only assets in the estate itself are her car, household goods, and house. I will be selling all of these mostly likely within 6 months of her death so I don't expect any gain on any them. The household goods are mostly typical household stuff and personal belongings although she had a doll collection. But with the fees for an estate company to sell there won't be a gain in the time between my mom's death and the sale.

There are a couple of small things (she had a mineral lease) but the amount will be well under the $600.

The house itself is the only relatively big dollar item. I received a CMA on it dated 8 days before my mom's death (she was moving in with us so I was anticipating her selling the house). Even though this is a strong area for real estate sales I don't expect any gain by the time the house is sold once you factor in the costs of selling.

So it may be that I won't have to file a return for the estate then.

I am the only beneficiary of the estate.

[Texas Proud]

Quote:

Originally Posted by audreyh1 I was told that a drivers license can be used as ID even if expired? OK for voting anyway. It’s just the driving part that has expired. On the passport I was told (different source) that it was still valid ID up to 10 years after expiration.

It might be for some purposes, but the manager said that for savings bonds it is not... and I saw him look it up...


I agree that it SHOULD be valid for identification as the person is the person or is not... but gvmt can be funny at times...


As I said, two current forms of ID without a picture is golden and I will be using them going forward...

[audreyh1]

I know that you can use your passport to get a state ID in GA, if it’s less than 10 years expired. Dad decided not to renew his driver license, and I wondered about him getting a state ID. But I was told his expired DL is just fine for voting, so we did nothing.

[Texas Proud]

Quote:

Originally Posted by audreyh1 I know that you can use your passport to get a state ID in GA, if it’s less than 10 years expired. Dad decided not to renew his driver license, and I wondered about him getting a state ID. But I was told his expired DL is just fine for voting, so we did nothing.

Yea, I was thinking about going to the DMV and getting her just a state ID... I just do not want to wait in the long lines... have to find out if we can bypass them...

[audreyh1]

Quote:

Originally Posted by Texas Proud Yea, I was thinking about going to the DMV and getting her just a state ID... I just do not want to wait in the long lines... have to find out if we can bypass them...

That’s ultimately what I concluded for Dad. It would probably have been OK a few months after him moving to assisted living, but it would be really hard on him now.

His passport will cover him at least until 2023 since he traveled on it in 2013.

Fortunately I only have two accounts to deal with. I am on his bank account, and already registered as an agent with POA recorded on his brokerage account.