#father

If my father dies with debt, but has life insurance, how does that play out?

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If my father dies with debt, but has life insurance, how does that play out? (CA). My father has a 150K whole life insurance policy. I know debt isn’t inheritable, but how does it work with spouses? My mother will most likely still be alive. If he were to have medical debt when he passes away, would the life insurance go to the debt? Wondering as this is a very real scenario in the next 5 years or so. submitted by …

Reddit Personal Finance 485 2023-11-24

Eldritch retro-shooter Forgive Me Father out now on consoles

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Eldritch retro-shooter Forgive Me Father out now on consoles One of our favorite retro-flavored FPS’ in recent years, Fulqrum Publishing and Byte Barrel Forgive Me Father is out on consoles. Lovecraft, but with a lotta guns Soon to get a sequel, the original Forgive Me Father is still a pretty great retro-FPS. The title has a definite 90s vibe to it, but also a … The post Eldritch retro-shooter Forgive Me…

Brutal Gamer 1.3k 2023-11-09

Sibling moving in with me: Father still wants to claim her as a dependent

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Sibling moving in with me: Father still wants to claim her as a dependent My sister is planning to move in with me in May 2024 to attend college. Due to my relationship with my father and stepmother, they never helped me through college, and I supported myself: Thus, I’m uneasy about whether they’ll actually help her or not. We negotiated to hopefully do this: Father will supply ~350/mo for food expenses (Live in Seat…

Reddit Personal Finance 1.3k 2023-11-07

Father passed away, he didn’t have hardly anything

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Father passed away, he didn’t have hardly anything My father passed, he’s in Michigan and I’m in Oklahoma. I have called about 15 different places that do probate. And they all start off with a retainer of $3000. They have all told me to do my own detective work before starting with them. I don’t think my father had much. But he did tell a nurse in the hospital that he had just enough set aside…

Reddit Personal Finance 871 2023-11-02

My divorced father has no money and I’m worried for his financial security

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My divorced father has no money and I’m worried for his financial security I realize this isn’t technically about me, but my father’s financial situation is really starting to worry me and I didn’t know where else to go. My father is in his early 60s, divorced, and has no money. My parents got divorced a few years ago. It wasn’t messy, it was a long time coming, but my father made all the wrong decisions afterwards. Af…

Reddit Personal Finance 995 2023-10-22

Smartest way to take equity out of home, pay my father back?

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Smartest way to take equity out of home, pay my father back? I’ve spent the last year building a new home, and I was fortunate enough to be able to build in cash. A portion of it was my life savings, and the remainder was a loan from my father. We’re about to move in, the home is in my name and in the eyes of any bank, I owe nothing and the home is conservatively going to appraise in the neighborhood of $…

Reddit Personal Finance 158 2023-10-05

My father-in-law took out a terrible loan for my wife’s grad school decades ago. Should we help?

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My father-in-law took out a terrible loan for my wife’s grad school decades ago. Should we help? To start, my wife’s family is terrible with money. The definition of keeping up with the Jones’s, having the latest and greatest, living beyond their means, etc. Before meeting me, my wife wasn’t great with money either (which is completely understandable given her upbringing), but has gotten a LOT better in the past few years. We budget weekly …

Reddit Personal Finance 227 2023-10-01

Death of father- taxes and other debts

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Death of father- taxes and other debts My dad passed unexpectedly several months ago, and left us to financially pick up the pieces. We’re talking ~$17,000 in debt over 3 credit cards and $30,000 in taxes owed to the IRS (he filed his taxes 2 weeks before his death). My mother is attached to all 3 credit cards, and the house. He has two cars (the family car and MY car…

Reddit Personal Finance 153 2023-09-12

Father got a letter from SSA stating that windfall will affect his pension. What can we do?

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Father got a letter from SSA stating that windfall will affect his pension. What can we do? Hello everyone, I’ve scanned the letter and removed personal information, you can take a look here. My dad ended up getting a letter from the Social Security Administration stating that he needs to submit evidence for work that was not taxed. He’s called his claim rep and it was stated that this could affect his pension and basically eliminate a…

Reddit Personal Finance 193 2023-09-05

Father was killed. How to become head of household?

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Father was killed. How to become head of household? Technically my father is in very critical conditions but doctors are saying is looking grim or if he does recover, he’ll be in a very limited state. We are a family of immigrants and I’m preparing for the worst. I’m an adult with a stable job. My mother is fragile. I have a sibling in our home country but likely has autism and never had a job. I…

Reddit Personal Finance 178 2023-08-28

Will I be forced to sell the house I’m living in if my parents die in order to cover my father’s personal loan?

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Will I be forced to sell the house I’m living in if my parents die in order to cover my father’s personal loan? I live in the UK with my parents who sadly have several chronic illlnesses. Despite being 30 years old i havent looked to move out as there would be no one to look after them and since ive been working from home for the past 7 odd years ive been able to take care of them. They receive disability benefits but this is not enough to pay for carers …

Reddit Personal Finance 163 2023-08-27