What happens if we don't open an estate?
There a house with a mortgage and a home equity loan, a bunch of known debts, and a bunch we've not confirmed, and a vehicle loan on a truck that is out there somewhere with his felon girlfriend. When all is settled there's not going to be much left. 2 life insurances exclude his only living family member, my wife. I don't want any contact with the GF or her family. I don't see where they did anything but fake affection and take his money. I think it was mostly a phone relationship with an occasional visit to get funds.
His checking account was POD to my wife. It won't cover the funeral cost.
So what happens if we walk away? What are our responsibilities from just collecting the asset & debt information? What do we do with this stuff?
I think the bank will foreclose, no estate will be opened, and nobody else will be paid.
I'm 77 and my time is too precious for this crap. At this point any money to be gained from this estate is meaningless.
There a house with a mortgage and a home equity loan, a bunch of known debts, and a bunch we've not confirmed, and a vehicle loan on a truck that is out there somewhere with his felon girlfriend. When all is settled there's not going to be much left. 2 life insurances exclude his only living family member, my wife. I don't want any contact with the GF or her family. I don't see where they did anything but fake affection and take his money. I think it was mostly a phone relationship with an occasional visit to get funds.
His checking account was POD to my wife. It won't cover the funeral cost.
So what happens if we walk away? What are our responsibilities from just collecting the asset & debt information? What do we do with this stuff?
I think the bank will foreclose, no estate will be opened, and nobody else will be paid.
I'm 77 and my time is too precious for this crap. At this point any money to be gained from this estate is meaningless.