#died

Mom opened a whole life policy for me when I was 7 and just died. Cash it out or keep?

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Mom opened a whole life policy for me when I was 7 and just died. Cash it out or keep? She bought it when I was 7 and now I’m 36. It has a face value of $75K and a death benefit now of like $150K. I can borrow against it at like 5.25%. The premium on it is $45/month. What should I do with it? I’m a fairly high earner with significant savings and investments so it’s kind of immaterial to me. I have a $2.5 million term life policy e…

Reddit Personal Finance 435 2024-01-27

FIL just died. How much of his medical debt (and other debt) would his kids be responsible forfor.

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FIL just died. How much of his medical debt (and other debt) would his kids be responsible forfor. My FIL died in hospice not too long ago. His wife is currently in a nursing home. Both were/are on Medicare. They’ve always been pretty poor, and their estate’s assets are pretty much non existent. We have paid most of the funeral costs but now are getting bills for his medical debt. There may be some other bills coming as well. The question is …

Reddit Personal Finance 766 2023-11-22

Witness: Man who died at Gillette was punched

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Witness: Man who died at Gillette was punched Joey Kilmartin said he saw Dale Mooney, a 53-year-old from New Hampshire, confront a rival Dolphins fan whom he had been arguing with during most of the game before he was punched twice in the head. Mooney later died, and police are investigating.

ESPN 718 2023-10-20

Uncle died. No will and Im the only “next of kin”

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Uncle died. No will and Im the only “next of kin” So my uncle died. I got an unexpected tall from the coroner. I wasnt very close with him since he struggled with alcohol and drug addiction the majority of his life. Im very surprised he made it to 67 because off all the abuse he did to his body. Im wondering what the best approach is to inheriting whatever savings he had. Most likely a few tho…

Reddit Personal Finance 172 2023-09-06

One parent died, other parent needs to get name removed from mortgage to refinance

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One parent died, other parent needs to get name removed from mortgage to refinance Parents have a home with a small mortgage, dad died, mom is fine making payments and all. Mom decides to refinance to do some work to the home. She was approved for the refi, however is told she need to get dads name off the existing mortgage/deed through an attorney and probate. Its in both their names as an “and” instead of “or”. Is there any …

Reddit Personal Finance 223 2023-08-12

Estranged mother died. Can I just leave the house to the state to deal with?

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Estranged mother died. Can I just leave the house to the state to deal with? I just found out my mother died. I’m technically next of kin, but hadn’t had any contact with her in over 15 years. I know I should contact an attorney probably, but I really don’t want to pay for an attorney unless it’s really necessary… My mother lived in NY state. I do not. She was broke and had a tendency to hoard back when we had contact, a…

Reddit Personal Finance 231 2023-08-09

Two Men Nearly Died After Trying A Short Cut In Death Valley

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Two Men Nearly Died After Trying A Short Cut In Death Valley When it comes to exploring a place literally named Death Valley, you really want to do some preparation. Two men learned this the hard way after becoming lost in the national park and getting their Chevrolet Malibu stuck in the mud on July 4. Read more…

Jalopnik 201 2023-08-03

DeFi Died and We Didn’t Even Notice

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DeFi Died and We Didn’t Even Notice The behavior of Curve founder Michael Egorov is warning to all, and proof that DeFi isn’t really that different from traditional finance.

Coindesk 183 2023-08-02

Brother died yesterday – few questions

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Brother died yesterday – few questions 32 years old drug overdose – terrible He has a leased apartment with furniture in there and clothes He has a leased pick up truck He has a bank account , 401K, a defined benefit plan we don’t know yet if death benefit and maybe life insurance. What’s the plan of action to minimize creditors taking stuff ? He had an engagement ring he was payin…

Reddit Personal Finance 138 2023-08-02

At Least One Person Has Died On Texas Roads Every Day Since 2000

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At Least One Person Has Died On Texas Roads Every Day Since 2000 The Texas Department of Transportation recently launched a new safety initiative called, “Be Safe. Drive Smart,” that’s focused on getting drivers to slow down. Based on the press release, it sounds like a pretty standard safety campaign that most people are going to ignore until they get ticketed during a period of… Read more…

Jalopnik 219 2023-08-01

LPT: If you have a friend whose pet died recently, reach out to them just as you would if it was a family member or close friend.

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LPT: If you have a friend whose pet died recently, reach out to them just as you would if it was a family member or close friend. The pain of losing a dog or cat can be utterly brutal for those going through it — sometimes greater than if it was a human, because others might not understand what you’re going through. Don’t roll your eyes or blow it off if a friend is going through it. Mourning a pet can be incredibly lonely if you are doing it alone. submitted by /u…

Life Pro Tips 255 2023-07-28

Father died. Want to use life insurance payout to set Mom up for retirement.

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Father died. Want to use life insurance payout to set Mom up for retirement. Since it isn’t earned income, it can’t be rolled over to an IRA. Without giving out too many specifics, the amount is over $100,000 and she is in her mid 50s. She has no other retirement savings. What investment options are there and what are the pros/cons to each? Would it be worth contacting a financial advisor? Thanks in advance. submitt…

Reddit Personal Finance 221 2023-07-27