haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
My main question is this- what is a good, secure way to make cash immediately available to one's executors after his death?
It can take an incredible amount of time to get death certificates, especially if the guy died out of state. Meanwhile some bills need to be be paid to conserve the estate.
Would a joint savings account with the executors work? Will they be able to access a joint account without death certificates?
If a will and a listing of assets are kept in the decedents safe deposit box, can joint holders get to it before they have death certificates?
My main estate plan (unless low exemptions to the estate tax are enacted) is beneficiary designations. But I will have assorted personal property like my car etc, and I want to leave some fast cash too so I suppose there will need to be a probate. I can check what WA small estate rules are. I won't have any debt other than what I might happen to have on my transaction credit cards whenever I kick, and I suppose some final medical expenses unless I just die abruptly because some 20 year old took me to bed.
As I mentioned in another thread, these issues have been brought home to me by a brother's passing, and I do not want to leave such a difficult situation for my family members.
Ha
It can take an incredible amount of time to get death certificates, especially if the guy died out of state. Meanwhile some bills need to be be paid to conserve the estate.
Would a joint savings account with the executors work? Will they be able to access a joint account without death certificates?
If a will and a listing of assets are kept in the decedents safe deposit box, can joint holders get to it before they have death certificates?
My main estate plan (unless low exemptions to the estate tax are enacted) is beneficiary designations. But I will have assorted personal property like my car etc, and I want to leave some fast cash too so I suppose there will need to be a probate. I can check what WA small estate rules are. I won't have any debt other than what I might happen to have on my transaction credit cards whenever I kick, and I suppose some final medical expenses unless I just die abruptly because some 20 year old took me to bed.
As I mentioned in another thread, these issues have been brought home to me by a brother's passing, and I do not want to leave such a difficult situation for my family members.
Ha