Related Posts
HYSA anyone recommends?
Any IDOs you know of or how would you stay informed on airdrops for good projects? Looking at something like Klima that airdropped 100 coins to holders of $1000 NFTs on its launch. Those coins are worth $200,000 now. 200x return in a month. Do you basically need to poke around discords and get lucky?
https://klimadao.medium.com/what-is-klima-dao-initial-discord-offering-5735c996c2ac
Is there a home buying group for Seattle area?
Hours 4
Income $52.05
Average $13.01/hour
More Posts
Mid year promotions confirmed!
How’s it like being gay in Singapore?
How many likes does it take to unlock the DMs?
Additional Posts in Personal Finance Bowl
Thoughts on personal loans to consolidate Debt?
Anyone have a recommended tax person in Chicago?
Google stock to buy now or after the split?
New to Fishbowl?
unlock all discussions on Fishbowl.



he should put it in a trust to avoid probate. It also protects from lawsuits. If he has LTC needs and is on Medicaid, it could protect from medicaid draining assets before covering that LTC. There is a 5 yr look back period, so getting the trust det up sooner than later is best.
Rising Star
My estate attorney told me not to assign the trust as the beneficiary of my retirement accounts He said to name my SO. (This might be state specific so might be best to check with an attorney). Most importantly make sure that your dad has updated his beneficiary. I’ve heard of cases where the person doesn’t change their beneficiary and years later the ex-spouse inherits a multi million dollar retirement account.
I’m pretty sure the estate will have to settle debts before remaining assets are distributed.
The debt will be settled after he passes as part of the estate. If he does not have an insurance policy this would be a good time to add so that the debt can be paid by the insurance and the other items of the estate can be appropriately distributed through a will, if he does not have or will do a trust.
The policy can assist as a replacement strategy to assist.