my dads goal was to avoid probate. he didnt have a big estate. he had put me on his ira as a beneficiary, and i know thats not subject to probate, but is subject to inherited ira rules. his furniture and household items i dontated to charity per his wishes. he had a life insurance policy for only 20k of which im the beneficiary, so i know thats not probatable. but its his bank account with only approx 10k where he put me on as joint account holder years ago to avoid probate. we sold his car before he died so i dont have that to worry about. so basically we are left with no probatable items. however. i called to cancel his credit cards, he only owed a couple of hundred dollars. do i have to pay those? i know im not responsible for his debts, but is the joint bank account viewed as still his "estate" that can be pursued by the credit card company? should i just close down the account or just move the funds to my personal account?
2006-07-05
19:55:42
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9 answers
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asked by
boy wonder
2
in
Other - Family & Relationships