Estate Planning

How Do You Receive Inheritance Money WITHOUT any issues?

Joel Lim

November 24, 2023

|

receive inheritance money without any issues

The intelligent digital vault for families

Trustworthy protects and optimizes important family information so you can save time, money, and enjoy peace of mind

Receiving inheritance money often happens when a loved one passes away. Handling money is always something that needs to be done carefully and responsibly.

You might wonder, “How do I receive inheritance money without any issues?” This guide will help ensure the process goes smoothly.

Key Takeaways 

  • Someone can receive inheritance money through a variety of ways, including from a will, a living trust, a joint owner or an annuity.

  • A living trust is the easiest and fastest way to receive inheritance money. 

  • There is no tax payable on inheritance money, as it generally does not need to be reported to the IRS and is not considered taxable income. 

Understanding How an Inheritance Works

understanding how an inheritance works

An inheritance is the assets that a person leaves to a beneficiary, and the assets are referred to as the estate. Inheritance can be several different things, not just money. However, inheritance money is the most common. 

Inheritance can include: 

  • Money 

  • Assets that include anything from investments to bonds 

  • Property

  • Specific items like heirlooms or jewelry 


When the loved one chooses someone to leave an inheritance to, they’re known as the beneficiary, and there can be more than one. Regarding how inheritance works, there are two common ways this is done: through a will and intestate laws. 

If there is a will, it’s submitted to the probate court, where it is reviewed. After that, the court will typically authorize the executor of the will to transfer the assets to the beneficiaries as stated in the will. 

If no will is available, the probate court will evaluate all assets and determine their value. The court will be the executor of the state. It’s preferable to avoid this, as the court will divide the assets as they see fit, not according to how you and the family would like. Depending on what state you’re in, the laws may differ regarding inheritance. 

Ways to Receive Inheritance Money Easily

When it comes to receiving an inheritance, there are many different ways, and some are easier than others. Some involve no probate, while others do. 

Will

This is the most common way of receiving inheritance money without any hassles. After your loved one has passed away, the executor of the will starts transferring assets to beneficiaries once the probate court has reviewed the will. 

While this is an easy way of receiving inheritance money, it may not be the fastest way. Sometimes, the court can take up to two years to complete this process.

Living Trust

Receiving money from a living trust is another easy way to receive inheritance money without any hassles. This is because a trust protects the assets and results in a quick transfer to beneficiaries. When setting up the trust, you can appoint a loved one as a trustee to carry out all your outlined intentions.

Many people choose to create a living trust because you can avoid going to probate court, protect privacy, and benefit from tax exemptions. Probate can take months and even years to sort out, so it’s best to avoid it.

Danielle G. Van Ess, an attorney with over 20 years of trusts and estates experience, explains:

“Trusts can help preserve relationships, incentivize healthy behaviors and lifestyles, encourage good stewardship of inherited wealth and may also help shield beneficiaries from losing the inherited wealth through divorce, lawsuits, unsuccessful business ventures and the like.”

Joint Owner 

A joint account with your loved one will ensure an easy transfer of inheritance money to a beneficiary. Typically, banks will have rules about how it works, but after one account holder passes away, the ownership of that money passes on to the remaining partner or partners. This also means if the deceased had any outstanding debts, they will become your responsibility. 

The bank account holder will need to set up Payable on Death (POD), where they will need to assign a beneficiary to the joint account. This way, you avoid involving probate court, and the money goes straight to the beneficiary. Different banks have their own requisition, and state laws differ depending on where you live.  

Beneficiary Designations

There is also the option of receiving inheritance money by being a beneficiary of a life insurance policy and retirement accounts. When setting up the life insurance policy, the deceased will have chosen the amount they want to be covered. This will be the amount they will receive. The payout will go directly to the beneficiary. 

This is an easy way of receiving inheritance money because you are not responsible for any outstanding debts, no probate court is involved, and you don’t pay taxes on the money received

The process is similar when receiving inheritance money from retirement annuities. The money goes directly to the beneficiary. However, the money received is taxed on the lump sum. Some retirement accounts are subject to certain rules. For example, if the beneficiary chooses to withdraw the money in installments, it must be done within ten years of the deceased’s passing. 

Intestate Succession

This way of receiving inheritance money is easy because the beneficiary receives the assets as determined by an external party known as the executor. This also means you may not receive all the money you thought you were getting. 

Often, people mistake having a verbal agreement as the same as a written will, but this is incorrect. If there is no will, it’s up to the court to evaluate the value of the assets and determine if there are any outstanding debts before dividing up the assets. This can take a much longer time than you might expect, similar to the probate process.  

How to Claim Inheritance Money

how to claim inheritance money

Now that you know how to receive inheritance money, how do you claim it? Here are some practicable steps to claiming inheritance money and what documents you need to have ready. 

Gather Necessary Paperwork

To begin claiming inheritance money, you must start collecting all relevant and important documents. These include copies of the will, the trust, policy details and identity documents. 

Using trusted professionals like Trustworthy to handle this can make this process much faster and more convenient.  

Identify and Communicate with Relevant Parties

The key to claiming inheritance money without any hassles is keeping up to date with the proceedings and what you need to do. Communicating regularly with all relevant parties is the best way to do this. 

This includes the executor of the will, attorneys and the estate lawyers. You should ensure you know who is handling what and keep in contact with them.

File Insurance Claims

After the deceased has passed away and you are a beneficiary of their insurance policies, you must file any insurance claims to receive the money. Before you do this, be sure you have all the relevant documents handy. 

If you’re unsure about the process, contacting the insurance broker overseeing the policy is a good idea.

Review Any Debts & Liabilities

Before you can claim any inheritance money, you will need to check that the estate does not have outstanding taxes and bills. If outstanding amounts need to be paid off, the executor of the state will settle that before the money is transferred to you. 

Tips to Claim Inheritance Money Fast

tips to claim inheritance money fast

Claiming inheritance money can sometimes be a long process, especially if the probate court is involved. However, following these useful tips should help you claim it faster.

Regularly Communicate

Communicate often with all persons involved in the process. This means talking to the executor, the court, your family and the attorney. 

Be clear in your questions and concerns, as a lack of communication can cause confusion over what needs to be done or what is happening. Confusion can lead to delays, which you don't want.

Maintain Organized Records 

Keep all your documents, certificates, and records organized to stay on top of things. This will prevent any delays in payment or problems due to missing documents. We suggest making copies of your documents or using Trustworthy to take care of them for you.

Be Aware of Potential Scams 

Be on the lookout for potential scams. You should disregard suspicious emails or messages asking for personal information regarding inheritance emails. 

All the information will be with the executor of the will. If a business or individual offers a service that can drastically speed up the probate process for a large fee, this is most likely one of the many probate scams.

Be Patient & Persistent

One of the most important things to do when going through the process of claiming inheritance money is not to give up. The process may seem overwhelming at first, especially on top of grieving, and you may be tempted to give up. Don’t. Be persistent and remember you are allowed to ask for help. 

Sometimes, the process can take a while, and when you know you’ve got a sum of money headed your way, waiting can feel impossible. But it is important to stay patient from start to finish.  

Seek Professional Advice

You don't have to do this alone. Seek professional advice from qualified estate professionals to avoid confusion or mistakes that can lead to long delays and additional expenses. 

Frequently Asked Questions (FAQs)

 

How do beneficiaries receive their money from a will?

The inheritance will be transferred directly to the beneficiary via their account after all relevant taxes and fees have been paid. 

Can inheritance money be directly deposited?

Yes, this can be done using a check or a direct wire to your bank account. 

Do I need to report inheritance money to the IRS?

You don’t need to report inheritance money to the IRS because it’s not considered taxable income. However, if your inheritance generates income, that money will be taxed. 

How much money can you inherit without having to pay taxes on it?

This will vary depending on the state, as there are six states that currently impose inheritance taxes. This means that anything over $12.92 million will be subject to tax.

What happens when you inherit money?

Once you’ve inherited the money, it’s up to you what to do with it. You can invest it, pay off debts, or even set up an emergency fund

Estate Planning

How Do You Receive Inheritance Money WITHOUT any issues?

Joel Lim

November 24, 2023

|

receive inheritance money without any issues

Receiving inheritance money often happens when a loved one passes away. Handling money is always something that needs to be done carefully and responsibly.

You might wonder, “How do I receive inheritance money without any issues?” This guide will help ensure the process goes smoothly.

Key Takeaways 

  • Someone can receive inheritance money through a variety of ways, including from a will, a living trust, a joint owner or an annuity.

  • A living trust is the easiest and fastest way to receive inheritance money. 

  • There is no tax payable on inheritance money, as it generally does not need to be reported to the IRS and is not considered taxable income. 

Understanding How an Inheritance Works

understanding how an inheritance works

An inheritance is the assets that a person leaves to a beneficiary, and the assets are referred to as the estate. Inheritance can be several different things, not just money. However, inheritance money is the most common. 

Inheritance can include: 

  • Money 

  • Assets that include anything from investments to bonds 

  • Property

  • Specific items like heirlooms or jewelry 


When the loved one chooses someone to leave an inheritance to, they’re known as the beneficiary, and there can be more than one. Regarding how inheritance works, there are two common ways this is done: through a will and intestate laws. 

If there is a will, it’s submitted to the probate court, where it is reviewed. After that, the court will typically authorize the executor of the will to transfer the assets to the beneficiaries as stated in the will. 

If no will is available, the probate court will evaluate all assets and determine their value. The court will be the executor of the state. It’s preferable to avoid this, as the court will divide the assets as they see fit, not according to how you and the family would like. Depending on what state you’re in, the laws may differ regarding inheritance. 

Ways to Receive Inheritance Money Easily

When it comes to receiving an inheritance, there are many different ways, and some are easier than others. Some involve no probate, while others do. 

Will

This is the most common way of receiving inheritance money without any hassles. After your loved one has passed away, the executor of the will starts transferring assets to beneficiaries once the probate court has reviewed the will. 

While this is an easy way of receiving inheritance money, it may not be the fastest way. Sometimes, the court can take up to two years to complete this process.

Living Trust

Receiving money from a living trust is another easy way to receive inheritance money without any hassles. This is because a trust protects the assets and results in a quick transfer to beneficiaries. When setting up the trust, you can appoint a loved one as a trustee to carry out all your outlined intentions.

Many people choose to create a living trust because you can avoid going to probate court, protect privacy, and benefit from tax exemptions. Probate can take months and even years to sort out, so it’s best to avoid it.

Danielle G. Van Ess, an attorney with over 20 years of trusts and estates experience, explains:

“Trusts can help preserve relationships, incentivize healthy behaviors and lifestyles, encourage good stewardship of inherited wealth and may also help shield beneficiaries from losing the inherited wealth through divorce, lawsuits, unsuccessful business ventures and the like.”

Joint Owner 

A joint account with your loved one will ensure an easy transfer of inheritance money to a beneficiary. Typically, banks will have rules about how it works, but after one account holder passes away, the ownership of that money passes on to the remaining partner or partners. This also means if the deceased had any outstanding debts, they will become your responsibility. 

The bank account holder will need to set up Payable on Death (POD), where they will need to assign a beneficiary to the joint account. This way, you avoid involving probate court, and the money goes straight to the beneficiary. Different banks have their own requisition, and state laws differ depending on where you live.  

Beneficiary Designations

There is also the option of receiving inheritance money by being a beneficiary of a life insurance policy and retirement accounts. When setting up the life insurance policy, the deceased will have chosen the amount they want to be covered. This will be the amount they will receive. The payout will go directly to the beneficiary. 

This is an easy way of receiving inheritance money because you are not responsible for any outstanding debts, no probate court is involved, and you don’t pay taxes on the money received

The process is similar when receiving inheritance money from retirement annuities. The money goes directly to the beneficiary. However, the money received is taxed on the lump sum. Some retirement accounts are subject to certain rules. For example, if the beneficiary chooses to withdraw the money in installments, it must be done within ten years of the deceased’s passing. 

Intestate Succession

This way of receiving inheritance money is easy because the beneficiary receives the assets as determined by an external party known as the executor. This also means you may not receive all the money you thought you were getting. 

Often, people mistake having a verbal agreement as the same as a written will, but this is incorrect. If there is no will, it’s up to the court to evaluate the value of the assets and determine if there are any outstanding debts before dividing up the assets. This can take a much longer time than you might expect, similar to the probate process.  

How to Claim Inheritance Money

how to claim inheritance money

Now that you know how to receive inheritance money, how do you claim it? Here are some practicable steps to claiming inheritance money and what documents you need to have ready. 

Gather Necessary Paperwork

To begin claiming inheritance money, you must start collecting all relevant and important documents. These include copies of the will, the trust, policy details and identity documents. 

Using trusted professionals like Trustworthy to handle this can make this process much faster and more convenient.  

Identify and Communicate with Relevant Parties

The key to claiming inheritance money without any hassles is keeping up to date with the proceedings and what you need to do. Communicating regularly with all relevant parties is the best way to do this. 

This includes the executor of the will, attorneys and the estate lawyers. You should ensure you know who is handling what and keep in contact with them.

File Insurance Claims

After the deceased has passed away and you are a beneficiary of their insurance policies, you must file any insurance claims to receive the money. Before you do this, be sure you have all the relevant documents handy. 

If you’re unsure about the process, contacting the insurance broker overseeing the policy is a good idea.

Review Any Debts & Liabilities

Before you can claim any inheritance money, you will need to check that the estate does not have outstanding taxes and bills. If outstanding amounts need to be paid off, the executor of the state will settle that before the money is transferred to you. 

Tips to Claim Inheritance Money Fast

tips to claim inheritance money fast

Claiming inheritance money can sometimes be a long process, especially if the probate court is involved. However, following these useful tips should help you claim it faster.

Regularly Communicate

Communicate often with all persons involved in the process. This means talking to the executor, the court, your family and the attorney. 

Be clear in your questions and concerns, as a lack of communication can cause confusion over what needs to be done or what is happening. Confusion can lead to delays, which you don't want.

Maintain Organized Records 

Keep all your documents, certificates, and records organized to stay on top of things. This will prevent any delays in payment or problems due to missing documents. We suggest making copies of your documents or using Trustworthy to take care of them for you.

Be Aware of Potential Scams 

Be on the lookout for potential scams. You should disregard suspicious emails or messages asking for personal information regarding inheritance emails. 

All the information will be with the executor of the will. If a business or individual offers a service that can drastically speed up the probate process for a large fee, this is most likely one of the many probate scams.

Be Patient & Persistent

One of the most important things to do when going through the process of claiming inheritance money is not to give up. The process may seem overwhelming at first, especially on top of grieving, and you may be tempted to give up. Don’t. Be persistent and remember you are allowed to ask for help. 

Sometimes, the process can take a while, and when you know you’ve got a sum of money headed your way, waiting can feel impossible. But it is important to stay patient from start to finish.  

Seek Professional Advice

You don't have to do this alone. Seek professional advice from qualified estate professionals to avoid confusion or mistakes that can lead to long delays and additional expenses. 

Frequently Asked Questions (FAQs)

 

How do beneficiaries receive their money from a will?

The inheritance will be transferred directly to the beneficiary via their account after all relevant taxes and fees have been paid. 

Can inheritance money be directly deposited?

Yes, this can be done using a check or a direct wire to your bank account. 

Do I need to report inheritance money to the IRS?

You don’t need to report inheritance money to the IRS because it’s not considered taxable income. However, if your inheritance generates income, that money will be taxed. 

How much money can you inherit without having to pay taxes on it?

This will vary depending on the state, as there are six states that currently impose inheritance taxes. This means that anything over $12.92 million will be subject to tax.

What happens when you inherit money?

Once you’ve inherited the money, it’s up to you what to do with it. You can invest it, pay off debts, or even set up an emergency fund

Estate Planning

How Do You Receive Inheritance Money WITHOUT any issues?

Joel Lim

November 24, 2023

|

receive inheritance money without any issues

The intelligent digital vault for families

Trustworthy protects and optimizes important family information so you can save time, money, and enjoy peace of mind

Receiving inheritance money often happens when a loved one passes away. Handling money is always something that needs to be done carefully and responsibly.

You might wonder, “How do I receive inheritance money without any issues?” This guide will help ensure the process goes smoothly.

Key Takeaways 

  • Someone can receive inheritance money through a variety of ways, including from a will, a living trust, a joint owner or an annuity.

  • A living trust is the easiest and fastest way to receive inheritance money. 

  • There is no tax payable on inheritance money, as it generally does not need to be reported to the IRS and is not considered taxable income. 

Understanding How an Inheritance Works

understanding how an inheritance works

An inheritance is the assets that a person leaves to a beneficiary, and the assets are referred to as the estate. Inheritance can be several different things, not just money. However, inheritance money is the most common. 

Inheritance can include: 

  • Money 

  • Assets that include anything from investments to bonds 

  • Property

  • Specific items like heirlooms or jewelry 


When the loved one chooses someone to leave an inheritance to, they’re known as the beneficiary, and there can be more than one. Regarding how inheritance works, there are two common ways this is done: through a will and intestate laws. 

If there is a will, it’s submitted to the probate court, where it is reviewed. After that, the court will typically authorize the executor of the will to transfer the assets to the beneficiaries as stated in the will. 

If no will is available, the probate court will evaluate all assets and determine their value. The court will be the executor of the state. It’s preferable to avoid this, as the court will divide the assets as they see fit, not according to how you and the family would like. Depending on what state you’re in, the laws may differ regarding inheritance. 

Ways to Receive Inheritance Money Easily

When it comes to receiving an inheritance, there are many different ways, and some are easier than others. Some involve no probate, while others do. 

Will

This is the most common way of receiving inheritance money without any hassles. After your loved one has passed away, the executor of the will starts transferring assets to beneficiaries once the probate court has reviewed the will. 

While this is an easy way of receiving inheritance money, it may not be the fastest way. Sometimes, the court can take up to two years to complete this process.

Living Trust

Receiving money from a living trust is another easy way to receive inheritance money without any hassles. This is because a trust protects the assets and results in a quick transfer to beneficiaries. When setting up the trust, you can appoint a loved one as a trustee to carry out all your outlined intentions.

Many people choose to create a living trust because you can avoid going to probate court, protect privacy, and benefit from tax exemptions. Probate can take months and even years to sort out, so it’s best to avoid it.

Danielle G. Van Ess, an attorney with over 20 years of trusts and estates experience, explains:

“Trusts can help preserve relationships, incentivize healthy behaviors and lifestyles, encourage good stewardship of inherited wealth and may also help shield beneficiaries from losing the inherited wealth through divorce, lawsuits, unsuccessful business ventures and the like.”

Joint Owner 

A joint account with your loved one will ensure an easy transfer of inheritance money to a beneficiary. Typically, banks will have rules about how it works, but after one account holder passes away, the ownership of that money passes on to the remaining partner or partners. This also means if the deceased had any outstanding debts, they will become your responsibility. 

The bank account holder will need to set up Payable on Death (POD), where they will need to assign a beneficiary to the joint account. This way, you avoid involving probate court, and the money goes straight to the beneficiary. Different banks have their own requisition, and state laws differ depending on where you live.  

Beneficiary Designations

There is also the option of receiving inheritance money by being a beneficiary of a life insurance policy and retirement accounts. When setting up the life insurance policy, the deceased will have chosen the amount they want to be covered. This will be the amount they will receive. The payout will go directly to the beneficiary. 

This is an easy way of receiving inheritance money because you are not responsible for any outstanding debts, no probate court is involved, and you don’t pay taxes on the money received

The process is similar when receiving inheritance money from retirement annuities. The money goes directly to the beneficiary. However, the money received is taxed on the lump sum. Some retirement accounts are subject to certain rules. For example, if the beneficiary chooses to withdraw the money in installments, it must be done within ten years of the deceased’s passing. 

Intestate Succession

This way of receiving inheritance money is easy because the beneficiary receives the assets as determined by an external party known as the executor. This also means you may not receive all the money you thought you were getting. 

Often, people mistake having a verbal agreement as the same as a written will, but this is incorrect. If there is no will, it’s up to the court to evaluate the value of the assets and determine if there are any outstanding debts before dividing up the assets. This can take a much longer time than you might expect, similar to the probate process.  

How to Claim Inheritance Money

how to claim inheritance money

Now that you know how to receive inheritance money, how do you claim it? Here are some practicable steps to claiming inheritance money and what documents you need to have ready. 

Gather Necessary Paperwork

To begin claiming inheritance money, you must start collecting all relevant and important documents. These include copies of the will, the trust, policy details and identity documents. 

Using trusted professionals like Trustworthy to handle this can make this process much faster and more convenient.  

Identify and Communicate with Relevant Parties

The key to claiming inheritance money without any hassles is keeping up to date with the proceedings and what you need to do. Communicating regularly with all relevant parties is the best way to do this. 

This includes the executor of the will, attorneys and the estate lawyers. You should ensure you know who is handling what and keep in contact with them.

File Insurance Claims

After the deceased has passed away and you are a beneficiary of their insurance policies, you must file any insurance claims to receive the money. Before you do this, be sure you have all the relevant documents handy. 

If you’re unsure about the process, contacting the insurance broker overseeing the policy is a good idea.

Review Any Debts & Liabilities

Before you can claim any inheritance money, you will need to check that the estate does not have outstanding taxes and bills. If outstanding amounts need to be paid off, the executor of the state will settle that before the money is transferred to you. 

Tips to Claim Inheritance Money Fast

tips to claim inheritance money fast

Claiming inheritance money can sometimes be a long process, especially if the probate court is involved. However, following these useful tips should help you claim it faster.

Regularly Communicate

Communicate often with all persons involved in the process. This means talking to the executor, the court, your family and the attorney. 

Be clear in your questions and concerns, as a lack of communication can cause confusion over what needs to be done or what is happening. Confusion can lead to delays, which you don't want.

Maintain Organized Records 

Keep all your documents, certificates, and records organized to stay on top of things. This will prevent any delays in payment or problems due to missing documents. We suggest making copies of your documents or using Trustworthy to take care of them for you.

Be Aware of Potential Scams 

Be on the lookout for potential scams. You should disregard suspicious emails or messages asking for personal information regarding inheritance emails. 

All the information will be with the executor of the will. If a business or individual offers a service that can drastically speed up the probate process for a large fee, this is most likely one of the many probate scams.

Be Patient & Persistent

One of the most important things to do when going through the process of claiming inheritance money is not to give up. The process may seem overwhelming at first, especially on top of grieving, and you may be tempted to give up. Don’t. Be persistent and remember you are allowed to ask for help. 

Sometimes, the process can take a while, and when you know you’ve got a sum of money headed your way, waiting can feel impossible. But it is important to stay patient from start to finish.  

Seek Professional Advice

You don't have to do this alone. Seek professional advice from qualified estate professionals to avoid confusion or mistakes that can lead to long delays and additional expenses. 

Frequently Asked Questions (FAQs)

 

How do beneficiaries receive their money from a will?

The inheritance will be transferred directly to the beneficiary via their account after all relevant taxes and fees have been paid. 

Can inheritance money be directly deposited?

Yes, this can be done using a check or a direct wire to your bank account. 

Do I need to report inheritance money to the IRS?

You don’t need to report inheritance money to the IRS because it’s not considered taxable income. However, if your inheritance generates income, that money will be taxed. 

How much money can you inherit without having to pay taxes on it?

This will vary depending on the state, as there are six states that currently impose inheritance taxes. This means that anything over $12.92 million will be subject to tax.

What happens when you inherit money?

Once you’ve inherited the money, it’s up to you what to do with it. You can invest it, pay off debts, or even set up an emergency fund

Estate Planning

How Do You Receive Inheritance Money WITHOUT any issues?

Joel Lim

November 24, 2023

|

receive inheritance money without any issues

The intelligent digital vault for families

Trustworthy protects and optimizes important family information so you can save time, money, and enjoy peace of mind

Receiving inheritance money often happens when a loved one passes away. Handling money is always something that needs to be done carefully and responsibly.

You might wonder, “How do I receive inheritance money without any issues?” This guide will help ensure the process goes smoothly.

Key Takeaways 

  • Someone can receive inheritance money through a variety of ways, including from a will, a living trust, a joint owner or an annuity.

  • A living trust is the easiest and fastest way to receive inheritance money. 

  • There is no tax payable on inheritance money, as it generally does not need to be reported to the IRS and is not considered taxable income. 

Understanding How an Inheritance Works

understanding how an inheritance works

An inheritance is the assets that a person leaves to a beneficiary, and the assets are referred to as the estate. Inheritance can be several different things, not just money. However, inheritance money is the most common. 

Inheritance can include: 

  • Money 

  • Assets that include anything from investments to bonds 

  • Property

  • Specific items like heirlooms or jewelry 


When the loved one chooses someone to leave an inheritance to, they’re known as the beneficiary, and there can be more than one. Regarding how inheritance works, there are two common ways this is done: through a will and intestate laws. 

If there is a will, it’s submitted to the probate court, where it is reviewed. After that, the court will typically authorize the executor of the will to transfer the assets to the beneficiaries as stated in the will. 

If no will is available, the probate court will evaluate all assets and determine their value. The court will be the executor of the state. It’s preferable to avoid this, as the court will divide the assets as they see fit, not according to how you and the family would like. Depending on what state you’re in, the laws may differ regarding inheritance. 

Ways to Receive Inheritance Money Easily

When it comes to receiving an inheritance, there are many different ways, and some are easier than others. Some involve no probate, while others do. 

Will

This is the most common way of receiving inheritance money without any hassles. After your loved one has passed away, the executor of the will starts transferring assets to beneficiaries once the probate court has reviewed the will. 

While this is an easy way of receiving inheritance money, it may not be the fastest way. Sometimes, the court can take up to two years to complete this process.

Living Trust

Receiving money from a living trust is another easy way to receive inheritance money without any hassles. This is because a trust protects the assets and results in a quick transfer to beneficiaries. When setting up the trust, you can appoint a loved one as a trustee to carry out all your outlined intentions.

Many people choose to create a living trust because you can avoid going to probate court, protect privacy, and benefit from tax exemptions. Probate can take months and even years to sort out, so it’s best to avoid it.

Danielle G. Van Ess, an attorney with over 20 years of trusts and estates experience, explains:

“Trusts can help preserve relationships, incentivize healthy behaviors and lifestyles, encourage good stewardship of inherited wealth and may also help shield beneficiaries from losing the inherited wealth through divorce, lawsuits, unsuccessful business ventures and the like.”

Joint Owner 

A joint account with your loved one will ensure an easy transfer of inheritance money to a beneficiary. Typically, banks will have rules about how it works, but after one account holder passes away, the ownership of that money passes on to the remaining partner or partners. This also means if the deceased had any outstanding debts, they will become your responsibility. 

The bank account holder will need to set up Payable on Death (POD), where they will need to assign a beneficiary to the joint account. This way, you avoid involving probate court, and the money goes straight to the beneficiary. Different banks have their own requisition, and state laws differ depending on where you live.  

Beneficiary Designations

There is also the option of receiving inheritance money by being a beneficiary of a life insurance policy and retirement accounts. When setting up the life insurance policy, the deceased will have chosen the amount they want to be covered. This will be the amount they will receive. The payout will go directly to the beneficiary. 

This is an easy way of receiving inheritance money because you are not responsible for any outstanding debts, no probate court is involved, and you don’t pay taxes on the money received

The process is similar when receiving inheritance money from retirement annuities. The money goes directly to the beneficiary. However, the money received is taxed on the lump sum. Some retirement accounts are subject to certain rules. For example, if the beneficiary chooses to withdraw the money in installments, it must be done within ten years of the deceased’s passing. 

Intestate Succession

This way of receiving inheritance money is easy because the beneficiary receives the assets as determined by an external party known as the executor. This also means you may not receive all the money you thought you were getting. 

Often, people mistake having a verbal agreement as the same as a written will, but this is incorrect. If there is no will, it’s up to the court to evaluate the value of the assets and determine if there are any outstanding debts before dividing up the assets. This can take a much longer time than you might expect, similar to the probate process.  

How to Claim Inheritance Money

how to claim inheritance money

Now that you know how to receive inheritance money, how do you claim it? Here are some practicable steps to claiming inheritance money and what documents you need to have ready. 

Gather Necessary Paperwork

To begin claiming inheritance money, you must start collecting all relevant and important documents. These include copies of the will, the trust, policy details and identity documents. 

Using trusted professionals like Trustworthy to handle this can make this process much faster and more convenient.  

Identify and Communicate with Relevant Parties

The key to claiming inheritance money without any hassles is keeping up to date with the proceedings and what you need to do. Communicating regularly with all relevant parties is the best way to do this. 

This includes the executor of the will, attorneys and the estate lawyers. You should ensure you know who is handling what and keep in contact with them.

File Insurance Claims

After the deceased has passed away and you are a beneficiary of their insurance policies, you must file any insurance claims to receive the money. Before you do this, be sure you have all the relevant documents handy. 

If you’re unsure about the process, contacting the insurance broker overseeing the policy is a good idea.

Review Any Debts & Liabilities

Before you can claim any inheritance money, you will need to check that the estate does not have outstanding taxes and bills. If outstanding amounts need to be paid off, the executor of the state will settle that before the money is transferred to you. 

Tips to Claim Inheritance Money Fast

tips to claim inheritance money fast

Claiming inheritance money can sometimes be a long process, especially if the probate court is involved. However, following these useful tips should help you claim it faster.

Regularly Communicate

Communicate often with all persons involved in the process. This means talking to the executor, the court, your family and the attorney. 

Be clear in your questions and concerns, as a lack of communication can cause confusion over what needs to be done or what is happening. Confusion can lead to delays, which you don't want.

Maintain Organized Records 

Keep all your documents, certificates, and records organized to stay on top of things. This will prevent any delays in payment or problems due to missing documents. We suggest making copies of your documents or using Trustworthy to take care of them for you.

Be Aware of Potential Scams 

Be on the lookout for potential scams. You should disregard suspicious emails or messages asking for personal information regarding inheritance emails. 

All the information will be with the executor of the will. If a business or individual offers a service that can drastically speed up the probate process for a large fee, this is most likely one of the many probate scams.

Be Patient & Persistent

One of the most important things to do when going through the process of claiming inheritance money is not to give up. The process may seem overwhelming at first, especially on top of grieving, and you may be tempted to give up. Don’t. Be persistent and remember you are allowed to ask for help. 

Sometimes, the process can take a while, and when you know you’ve got a sum of money headed your way, waiting can feel impossible. But it is important to stay patient from start to finish.  

Seek Professional Advice

You don't have to do this alone. Seek professional advice from qualified estate professionals to avoid confusion or mistakes that can lead to long delays and additional expenses. 

Frequently Asked Questions (FAQs)

 

How do beneficiaries receive their money from a will?

The inheritance will be transferred directly to the beneficiary via their account after all relevant taxes and fees have been paid. 

Can inheritance money be directly deposited?

Yes, this can be done using a check or a direct wire to your bank account. 

Do I need to report inheritance money to the IRS?

You don’t need to report inheritance money to the IRS because it’s not considered taxable income. However, if your inheritance generates income, that money will be taxed. 

How much money can you inherit without having to pay taxes on it?

This will vary depending on the state, as there are six states that currently impose inheritance taxes. This means that anything over $12.92 million will be subject to tax.

What happens when you inherit money?

Once you’ve inherited the money, it’s up to you what to do with it. You can invest it, pay off debts, or even set up an emergency fund

Try Trustworthy today.

Try Trustworthy today.

Try the Family Operating System® for yourself. You (and your family) will love it.

Try the Family Operating System® for yourself. You (and your family) will love it.

No credit card required.

No credit card required.

Related Articles

power of attorney vs will
power of attorney vs will
power of attorney vs will
power of attorney vs will

May 15, 2024

May 15, 2024

Power of Attorney vs. Will: Understanding the Legal Authority

Power of Attorney vs. Will: Understanding the Legal Authority

executor fees
executor fees
executor fees
executor fees

May 15, 2024

May 15, 2024

Executor Fees: What Percentage of an Estate Is Typical?

Executor Fees: What Percentage of an Estate Is Typical?

power of attorney liability
power of attorney liability
power of attorney liability
power of attorney liability

May 9, 2024

May 9, 2024

Power of Attorney Liability: Risks and Responsibilities

Power of Attorney Liability: Risks and Responsibilities

timeline for obtaining power of attorney
timeline for obtaining power of attorney
timeline for obtaining power of attorney
timeline for obtaining power of attorney

May 9, 2024

May 9, 2024

The Timeline for Obtaining Power of Attorney Explained

The Timeline for Obtaining Power of Attorney Explained

comprehensive guide to power of attorney responsibilities
comprehensive guide to power of attorney responsibilities
comprehensive guide to power of attorney responsibilities
comprehensive guide to power of attorney responsibilities

May 7, 2024

May 7, 2024

The Comprehensive Guide to Power of Attorney Responsibilities

The Comprehensive Guide to Power of Attorney Responsibilities

deceased's property
deceased's property
deceased's property
deceased's property

May 3, 2024

May 3, 2024

Deceased's Property: How Long Before It Must Change Names?

Deceased's Property: How Long Before It Must Change Names?

durable power of attorney
durable power of attorney
durable power of attorney
durable power of attorney

Apr 26, 2024

Apr 26, 2024

Durable Power of Attorney: What Powers Does It Grant?

Durable Power of Attorney: What Powers Does It Grant?

how to draft a power of attorney
how to draft a power of attorney
how to draft a power of attorney
how to draft a power of attorney

Apr 26, 2024

Apr 26, 2024

How to Draft a Power of Attorney: A Step-by-Step Guide

How to Draft a Power of Attorney: A Step-by-Step Guide

executor death
executor death
executor death
executor death

Apr 23, 2024

Apr 23, 2024

Executor's Death: The Next Steps for an Estate

Executor's Death: The Next Steps for an Estate

removing a deceased spouse from a deed
removing a deceased spouse from a deed
removing a deceased spouse from a deed
removing a deceased spouse from a deed

Apr 19, 2024

Apr 19, 2024

Removing a Deceased Spouse from a Deed: 5 Necessary Steps

Removing a Deceased Spouse from a Deed: 5 Necessary Steps

can a spouse change the deceased's will
can a spouse change the deceased's will
can a spouse change the deceased's will
can a spouse change the deceased's will

Apr 17, 2024

Apr 17, 2024

After Death: Can a Spouse Change the Deceased's Will?

After Death: Can a Spouse Change the Deceased's Will?

divorced spouse's rights to property after death explained
divorced spouse's rights to property after death explained
divorced spouse's rights to property after death explained
divorced spouse's rights to property after death explained

Apr 17, 2024

Apr 17, 2024

Divorced Spouse's Rights to Property After Death Explained

Divorced Spouse's Rights to Property After Death Explained

va disability and social security
va disability and social security
va disability and social security
va disability and social security

Apr 11, 2024

Apr 11, 2024

Navigating Dual Benefits: VA Disability and Social Security

Navigating Dual Benefits: VA Disability and Social Security

veteran benefit eligibility
veteran benefit eligibility
veteran benefit eligibility
veteran benefit eligibility

Apr 11, 2024

Apr 11, 2024

Veteran Benefit Eligibility: Understanding Denials and Exclusions

Veteran Benefit Eligibility: Understanding Denials and Exclusions

eligibility for veteran’s spouse benefits
eligibility for veteran’s spouse benefits
eligibility for veteran’s spouse benefits
eligibility for veteran’s spouse benefits

Apr 4, 2024

Apr 4, 2024

Eligibility for Veteran’s Spouse Benefits: What You Need to Know

Eligibility for Veteran’s Spouse Benefits: What You Need to Know

va disability payments
va disability payments
va disability payments
va disability payments

Apr 3, 2024

Apr 3, 2024

VA Disability Payments: Can They Be Discontinued?

VA Disability Payments: Can They Be Discontinued?

veteran death
veteran death
veteran death
veteran death

Mar 30, 2024

Mar 30, 2024

Veteran Death: Essential Actions and Checklist for Next of Kin

Veteran Death: Essential Actions and Checklist for Next of Kin

slats in estate planning
slats in estate planning
slats in estate planning
slats in estate planning

Mar 27, 2024

Mar 27, 2024

SLATs in Estate Planning: An Innovative Strategy Explained

SLATs in Estate Planning: An Innovative Strategy Explained

maximize your estate planning with survivorship life insurance
maximize your estate planning with survivorship life insurance
maximize your estate planning with survivorship life insurance
maximize your estate planning with survivorship life insurance

Mar 27, 2024

Mar 27, 2024

Maximize Your Estate Planning with Survivorship Life Insurance

Maximize Your Estate Planning with Survivorship Life Insurance

va benefits timeline
va benefits timeline
va benefits timeline
va benefits timeline

Mar 23, 2024

Mar 23, 2024

VA Benefits Timeline: When They Stop After Death

VA Benefits Timeline: When They Stop After Death

is estate planning a legitimate business expense
is estate planning a legitimate business expense
is estate planning a legitimate business expense
is estate planning a legitimate business expense

Mar 20, 2024

Mar 20, 2024

Is Estate Planning a Legitimate Business Expense: Unveiling The Truth

Is Estate Planning a Legitimate Business Expense: Unveiling The Truth

does right of survivorship trump a will
does right of survivorship trump a will
does right of survivorship trump a will
does right of survivorship trump a will

Mar 15, 2024

Mar 15, 2024

Does Right of Survivorship Trump a Will: Legal Insights

Does Right of Survivorship Trump a Will: Legal Insights

palliative care at home
palliative care at home
palliative care at home
palliative care at home

Mar 13, 2024

Mar 13, 2024

Palliative Care at Home: Understanding Insurance Coverage

Palliative Care at Home: Understanding Insurance Coverage

navigating insurance coverage for hospice care
navigating insurance coverage for hospice care
navigating insurance coverage for hospice care
navigating insurance coverage for hospice care

Mar 13, 2024

Mar 13, 2024

Navigating Insurance Coverage for Hospice Care A Complete Guide

Navigating Insurance Coverage for Hospice Care A Complete Guide

choosing an estate planning attorney
choosing an estate planning attorney
choosing an estate planning attorney
choosing an estate planning attorney

Mar 9, 2024

Mar 9, 2024

Choosing an Estate Planning Attorney: Traits of Excellence

Choosing an Estate Planning Attorney: Traits of Excellence

can family overrule an advance directive
can family overrule an advance directive
can family overrule an advance directive
can family overrule an advance directive

Mar 7, 2024

Mar 7, 2024

Can Family Overrule an Advance Directive? What You Need to Know

Can Family Overrule an Advance Directive? What You Need to Know

funding hospice care in nursing homes
funding hospice care in nursing homes
funding hospice care in nursing homes
funding hospice care in nursing homes

Mar 7, 2024

Mar 7, 2024

Funding Hospice Care in Nursing Homes: Who Bears the Cost?

Funding Hospice Care in Nursing Homes: Who Bears the Cost?

who can legally witness an advance directive
who can legally witness an advance directive
who can legally witness an advance directive
who can legally witness an advance directive

Mar 5, 2024

Mar 5, 2024

Who Can Legally Witness an Advance Directive? Know Your Rights

Who Can Legally Witness an Advance Directive? Know Your Rights

exploring hospice care
exploring hospice care
exploring hospice care
exploring hospice care

Mar 5, 2024

Mar 5, 2024

Exploring Hospice Care: What’s Not Included?

Exploring Hospice Care: What’s Not Included?

respite care in hospice
respite care in hospice
respite care in hospice
respite care in hospice

Mar 5, 2024

Mar 5, 2024

Respite Care in Hospice: Providing Relief for Caregivers

Respite Care in Hospice: Providing Relief for Caregivers

different types of advance directives
different types of advance directives
different types of advance directives
different types of advance directives

Mar 5, 2024

Mar 5, 2024

Exploring the Spectrum: Different Types of Advance Directives

Exploring the Spectrum: Different Types of Advance Directives

deciding on hospice care
deciding on hospice care
deciding on hospice care
deciding on hospice care

Feb 28, 2024

Feb 28, 2024

Deciding on Hospice Care: Knowing When It's Time

Deciding on Hospice Care: Knowing When It's Time

hospice care duration
hospice care duration
hospice care duration
hospice care duration

Feb 27, 2024

Feb 27, 2024

Hospice Care Duration: How Long Can It Last?

Hospice Care Duration: How Long Can It Last?

hospice care timeline
hospice care timeline
hospice care timeline
hospice care timeline

Feb 27, 2024

Feb 27, 2024

Hospice Care Timeline: Estimating How Long to Live

Hospice Care Timeline: Estimating How Long to Live

doctor-ordered hospice care
doctor-ordered hospice care
doctor-ordered hospice care
doctor-ordered hospice care

Feb 22, 2024

Feb 22, 2024

Doctor-Ordered Hospice Care: When and Why It Happens

Doctor-Ordered Hospice Care: When and Why It Happens

funeral planning timeline
funeral planning timeline
funeral planning timeline
funeral planning timeline

Feb 20, 2024

Feb 20, 2024

Funeral Planning Timeline: How Long Does it Really Take?

Funeral Planning Timeline: How Long Does it Really Take?

writing a heartfelt obituary for your husband
writing a heartfelt obituary for your husband
writing a heartfelt obituary for your husband
writing a heartfelt obituary for your husband

Feb 15, 2024

Feb 15, 2024

Writing a Heartfelt Obituary for Your Husband: Inspiring Examples

Writing a Heartfelt Obituary for Your Husband: Inspiring Examples

planning your funeral
planning your funeral
planning your funeral
planning your funeral

Feb 14, 2024

Feb 14, 2024

Planning Your Funeral: The Best Age To Start

Planning Your Funeral: The Best Age To Start

crafting a loving obituary for your son
crafting a loving obituary for your son
crafting a loving obituary for your son
crafting a loving obituary for your son

Feb 14, 2024

Feb 14, 2024

Crafting a Loving Obituary For Your Son: Meaningful Examples

Crafting a Loving Obituary For Your Son: Meaningful Examples

improving communication between caregivers and doctors
improving communication between caregivers and doctors
improving communication between caregivers and doctors
improving communication between caregivers and doctors

Jan 18, 2024

Jan 18, 2024

Improving Communication Between Caregivers and Doctors

Improving Communication Between Caregivers and Doctors

copy of a death certificate
copy of a death certificate
copy of a death certificate
copy of a death certificate

Nov 29, 2023

Nov 29, 2023

Can Anyone Get a Copy of a Death Certificate? Who Is Authorized?

Can Anyone Get a Copy of a Death Certificate? Who Is Authorized?

original death certificate vs. certified copy
original death certificate vs. certified copy
original death certificate vs. certified copy
original death certificate vs. certified copy

Nov 25, 2023

Nov 25, 2023

Original Death Certificate vs. Certified Copy: Key Differences And Why They Matter

Original Death Certificate vs. Certified Copy: Key Differences And Why They Matter

handle negative aspects of the deceased's life in a eulogy
handle negative aspects of the deceased's life in a eulogy
handle negative aspects of the deceased's life in a eulogy
handle negative aspects of the deceased's life in a eulogy

Nov 25, 2023

Nov 25, 2023

How Do You Handle Negative Aspects of the Deceased's Life in a Eulogy?

How Do You Handle Negative Aspects of the Deceased's Life in a Eulogy?

more then one eulogy at a funeral
more then one eulogy at a funeral
more then one eulogy at a funeral
more then one eulogy at a funeral

Nov 25, 2023

Nov 25, 2023

Can There Be More Then One Eulogy at a Funeral? Etiquette Explained

Can There Be More Then One Eulogy at a Funeral? Etiquette Explained

parent retirement pension
parent retirement pension
parent retirement pension
parent retirement pension

Nov 24, 2023

Nov 24, 2023

My Dad Died, Can I Get His Retirement Pension?

My Dad Died, Can I Get His Retirement Pension?

death certificate copies
death certificate copies
death certificate copies
death certificate copies

Nov 24, 2023

Nov 24, 2023

How Many Copies of a Death Certificate Should You Get?

How Many Copies of a Death Certificate Should You Get?

can a eulogy be funny
can a eulogy be funny
can a eulogy be funny
can a eulogy be funny

Nov 24, 2023

Nov 24, 2023

Can a Eulogy Be Funny? Yes, Here Are 10 Respectful but Funny Examples

Can a Eulogy Be Funny? Yes, Here Are 10 Respectful but Funny Examples

receive inheritance money without any issues
receive inheritance money without any issues
receive inheritance money without any issues
receive inheritance money without any issues

Nov 24, 2023

Nov 24, 2023

How Do You Receive Inheritance Money WITHOUT any issues?

How Do You Receive Inheritance Money WITHOUT any issues?

tax refund of a deceased person
tax refund of a deceased person
tax refund of a deceased person
tax refund of a deceased person

Nov 17, 2023

Nov 17, 2023

Who Gets The Tax Refund of A Deceased Person? An Accountant Answers

Who Gets The Tax Refund of A Deceased Person? An Accountant Answers

how to start a eulogy
how to start a eulogy
how to start a eulogy
how to start a eulogy

Nov 17, 2023

Nov 17, 2023

How To Start a Eulogy: 15 Heartfelt Examples

How To Start a Eulogy: 15 Heartfelt Examples

son talking to elder parents seriously
son talking to elder parents seriously
son talking to elder parents seriously
son talking to elder parents seriously

Nov 14, 2023

Nov 14, 2023

How To Discuss End-of-Life Care With Parents (Simple Guide)

How To Discuss End-of-Life Care With Parents (Simple Guide)

how to cancel a deceased person's subscriptions
how to cancel a deceased person's subscriptions
how to cancel a deceased person's subscriptions
how to cancel a deceased person's subscriptions

Nov 14, 2023

Nov 14, 2023

How To Cancel a Deceased Person's Subscriptions the EASY Way

How To Cancel a Deceased Person's Subscriptions the EASY Way

what should you not put in a eulogy
what should you not put in a eulogy
what should you not put in a eulogy
what should you not put in a eulogy

Nov 8, 2023

Nov 8, 2023

What Should You Not Put in a Eulogy (9 Things To Avoid)

What Should You Not Put in a Eulogy (9 Things To Avoid)

how are estates distributed if there's no will
how are estates distributed if there's no will
how are estates distributed if there's no will
how are estates distributed if there's no will

Nov 7, 2023

Nov 7, 2023

How Are Estates Distributed If There's No Will? A Lawyer Explains Intestate

How Are Estates Distributed If There's No Will? A Lawyer Explains Intestate

microsoft word obituary template
microsoft word obituary template
microsoft word obituary template
microsoft word obituary template

Nov 6, 2023

Nov 6, 2023

Does Microsoft Word Have an Obituary Template?

Does Microsoft Word Have an Obituary Template?

how to post an obituary on facebook
how to post an obituary on facebook
how to post an obituary on facebook
how to post an obituary on facebook

Nov 6, 2023

Nov 6, 2023

How To Post an Obituary on Facebook: A Step-by-Step Guide

How To Post an Obituary on Facebook: A Step-by-Step Guide

death certificate for estate & probate process
death certificate for estate & probate process
death certificate for estate & probate process
death certificate for estate & probate process

Nov 6, 2023

Nov 6, 2023

Why Do You Need A Death Certificate For Estate & Probate Process?

Why Do You Need A Death Certificate For Estate & Probate Process?

correct errors on a death certificate
correct errors on a death certificate
correct errors on a death certificate
correct errors on a death certificate

Nov 2, 2023

Nov 2, 2023

How Do I Correct Errors on a Death Certificate? And, How Long Does It Take?

How Do I Correct Errors on a Death Certificate? And, How Long Does It Take?

steps for writing a eulogy for mom
steps for writing a eulogy for mom
steps for writing a eulogy for mom
steps for writing a eulogy for mom

Nov 2, 2023

Nov 2, 2023

12 Steps For Writing a Eulogy For Mom

12 Steps For Writing a Eulogy For Mom

steps for writing a eulogy for dad
steps for writing a eulogy for dad
steps for writing a eulogy for dad
steps for writing a eulogy for dad

Nov 2, 2023

Nov 2, 2023

12 Steps for Writing a Eulogy for Dad

12 Steps for Writing a Eulogy for Dad

who does the obituary when someone dies
who does the obituary when someone dies
who does the obituary when someone dies
who does the obituary when someone dies

Nov 1, 2023

Nov 1, 2023

Who Does The Obituary When Someone Dies?

Who Does The Obituary When Someone Dies?

Nov 1, 2023

Nov 1, 2023

How Late Is Too Late For An Obituary? 6 Steps To Take Today

How Late Is Too Late For An Obituary? 6 Steps To Take Today

how-much-does-obituary-cost
how-much-does-obituary-cost
how-much-does-obituary-cost
how-much-does-obituary-cost

Nov 1, 2023

Nov 1, 2023

How Much Does It Cost To Publish An Obituary? Breaking It Down

How Much Does It Cost To Publish An Obituary? Breaking It Down

reasons you need an obituary
reasons you need an obituary
reasons you need an obituary
reasons you need an obituary

Nov 1, 2023

Nov 1, 2023

6 Reasons You Need an Obituary (Plus 6 Reasons You Don't)

6 Reasons You Need an Obituary (Plus 6 Reasons You Don't)

where do you post an obituary
where do you post an obituary
where do you post an obituary
where do you post an obituary

Oct 30, 2023

Oct 30, 2023

Where Do You Post an Obituary: A Step-By-Step Guide

Where Do You Post an Obituary: A Step-By-Step Guide

obituary vs death note
obituary vs death note
obituary vs death note
obituary vs death note

Oct 30, 2023

Oct 30, 2023

Obituary vs Death Note: What Are the Key Differences?

Obituary vs Death Note: What Are the Key Differences?

buying a house with elderly parent
buying a house with elderly parent
buying a house with elderly parent
buying a house with elderly parent

Oct 5, 2023

Oct 5, 2023

Buying A House With Elderly Parent: 10 Things To Know

Buying A House With Elderly Parent: 10 Things To Know

trapped caring for elderly parents
trapped caring for elderly parents
trapped caring for elderly parents
trapped caring for elderly parents

Sep 14, 2023

Sep 14, 2023

I'm Trapped Caring for Elderly Parents

I'm Trapped Caring for Elderly Parents

401k and minors
401k and minors
401k and minors
401k and minors

Oct 5, 2023

Oct 5, 2023

401(k) and Minors: Can a Minor be a Beneficiary?

401(k) and Minors: Can a Minor be a Beneficiary?

How-to-Self-Direct-Your-401k
How-to-Self-Direct-Your-401k
How-to-Self-Direct-Your-401k
How-to-Self-Direct-Your-401k

Sep 12, 2023

Sep 12, 2023

How to Self-Direct Your 401(k): Take Control of Your Retirement

How to Self-Direct Your 401(k): Take Control of Your Retirement

grandparents
grandparents
grandparents
grandparents

Aug 3, 2023

Aug 3, 2023

The Ultimate Guide to Decluttering and Simplifying Your Home as You Age

The Ultimate Guide to Decluttering and Simplifying Your Home as You Age

Aug 3, 2023

Aug 3, 2023

The Essential Guide to Preparing for Retirement

The Essential Guide to Preparing for Retirement

Estate Planning For Blended Families (Complete Guide)
Estate Planning For Blended Families (Complete Guide)
Estate Planning For Blended Families (Complete Guide)
Estate Planning For Blended Families (Complete Guide)

Aug 3, 2023

Aug 3, 2023

Estate Planning For Blended Families (Complete Guide)

Estate Planning For Blended Families (Complete Guide)

Estate Planning For Physicians (Complete Guide)
Estate Planning For Physicians (Complete Guide)
Estate Planning For Physicians (Complete Guide)
Estate Planning For Physicians (Complete Guide)

Aug 3, 2023

Aug 3, 2023

Estate Planning For Physicians (Complete Guide)

Estate Planning For Physicians (Complete Guide)

are you legally responsible for your elderly parents
are you legally responsible for your elderly parents
are you legally responsible for your elderly parents
are you legally responsible for your elderly parents

Jul 14, 2023

Jul 14, 2023

Are You Legally Responsible For Your Elderly Parents?

Are You Legally Responsible For Your Elderly Parents?

Multi-generational family walking through a field
Multi-generational family walking through a field
Multi-generational family walking through a field
Multi-generational family walking through a field

Jun 7, 2023

Jun 7, 2023

How To Travel With Elderly Parent: Here's How to Prepare

How To Travel With Elderly Parent: Here's How to Prepare

Retirement center
Retirement center
Retirement center
Retirement center

Jun 6, 2023

Jun 6, 2023

Checklist For Moving A Parent To Assisted Living

Checklist For Moving A Parent To Assisted Living

Elderly parents with son
Elderly parents with son
Elderly parents with son
Elderly parents with son

Jun 6, 2023

Jun 6, 2023

How to Set Up A Trust For An Elderly Parent: 6 Easy Steps

How to Set Up A Trust For An Elderly Parent: 6 Easy Steps

Daughter helping her mom review paperwork
Daughter helping her mom review paperwork
Daughter helping her mom review paperwork
Daughter helping her mom review paperwork

Jun 6, 2023

Jun 6, 2023

How To Stop Elderly Parents From Giving Money Away (9 Tips)

How To Stop Elderly Parents From Giving Money Away (9 Tips)

Elderly parents signing documents
Elderly parents signing documents
Elderly parents signing documents
Elderly parents signing documents

Jun 6, 2023

Jun 6, 2023

Should Elderly Parents Sign Over Their House? Pros & Cons

Should Elderly Parents Sign Over Their House? Pros & Cons

A couple looking at their computer
A couple looking at their computer
A couple looking at their computer
A couple looking at their computer

May 17, 2023

May 17, 2023

Estate Planning: A Comprehensive Guide

Estate Planning: A Comprehensive Guide

Helping elderly parents - the complete guide
Helping elderly parents - the complete guide
Helping elderly parents - the complete guide
Helping elderly parents - the complete guide

May 2, 2023

May 2, 2023

Helping Elderly Parents: The Complete Guide

Helping Elderly Parents: The Complete Guide

Family seated on sofa having a discussion
Family seated on sofa having a discussion
Family seated on sofa having a discussion
Family seated on sofa having a discussion

May 1, 2023

May 1, 2023

Trustworthy guide: How to organize your digital information

Trustworthy guide: How to organize your digital information

Person signing a document
Person signing a document
Person signing a document
Person signing a document

Apr 15, 2023

Apr 15, 2023

Can My Husband Make a Will Without My Knowledge?

Can My Husband Make a Will Without My Knowledge?

Son on father's shoulders
Son on father's shoulders
Son on father's shoulders
Son on father's shoulders

Apr 15, 2023

Apr 15, 2023

What is a Last Will and Testament (also known as a Will)?

What is a Last Will and Testament (also known as a Will)?

A couple looking at a document with a calculator
A couple looking at a document with a calculator
A couple looking at a document with a calculator
A couple looking at a document with a calculator

Apr 15, 2023

Apr 15, 2023

Can A Wife Sell Deceased Husband's Property (6 Rules)

Can A Wife Sell Deceased Husband's Property (6 Rules)

Paper shredding
Paper shredding
Paper shredding
Paper shredding

Apr 15, 2023

Apr 15, 2023

Should I Shred Documents Of A Deceased Person? (5 Tips)

Should I Shred Documents Of A Deceased Person? (5 Tips)

Can I Change My Power of Attorney Without A Lawyer?
Can I Change My Power of Attorney Without A Lawyer?
Can I Change My Power of Attorney Without A Lawyer?
Can I Change My Power of Attorney Without A Lawyer?

Apr 15, 2023

Apr 15, 2023

Can I Change My Power of Attorney Without A Lawyer?

Can I Change My Power of Attorney Without A Lawyer?

Can You Have Two Power of Attorneys? (A Lawyer Answers)
Can You Have Two Power of Attorneys? (A Lawyer Answers)
Can You Have Two Power of Attorneys? (A Lawyer Answers)
Can You Have Two Power of Attorneys? (A Lawyer Answers)

Apr 15, 2023

Apr 15, 2023

Can You Have Two Power of Attorneys? (A Lawyer Answers)

Can You Have Two Power of Attorneys? (A Lawyer Answers)

Do Attorneys Keep Copies Of a Will? (4 Things To Know)
Do Attorneys Keep Copies Of a Will? (4 Things To Know)
Do Attorneys Keep Copies Of a Will? (4 Things To Know)
Do Attorneys Keep Copies Of a Will? (4 Things To Know)

Apr 15, 2023

Apr 15, 2023

Do Attorneys Keep Copies Of a Will? (4 Things To Know)

Do Attorneys Keep Copies Of a Will? (4 Things To Know)

Estate Planning for a Special Needs Child (Complete Guide)
Estate Planning for a Special Needs Child (Complete Guide)
Estate Planning for a Special Needs Child (Complete Guide)
Estate Planning for a Special Needs Child (Complete Guide)

Apr 15, 2023

Apr 15, 2023

Estate Planning for a Special Needs Child (Complete Guide)

Estate Planning for a Special Needs Child (Complete Guide)

Estate Planning For Childless Couples (Complete Guide)
Estate Planning For Childless Couples (Complete Guide)
Estate Planning For Childless Couples (Complete Guide)
Estate Planning For Childless Couples (Complete Guide)

Apr 15, 2023

Apr 15, 2023

Estate Planning For Childless Couples (Complete Guide)

Estate Planning For Childless Couples (Complete Guide)

Estate Planning For Elderly Parents
Estate Planning For Elderly Parents
Estate Planning For Elderly Parents
Estate Planning For Elderly Parents

Apr 15, 2023

Apr 15, 2023

Estate Planning For Elderly Parents (Complete Guide)

Estate Planning For Elderly Parents (Complete Guide)

Woman talking with an advisor in a house
Woman talking with an advisor in a house
Woman talking with an advisor in a house
Woman talking with an advisor in a house

Apr 15, 2023

Apr 15, 2023

Estate Planning For High Net Worth & Large Estates

Estate Planning For High Net Worth & Large Estates

Estate Planning For Irresponsible Children (Complete Guide)
Estate Planning For Irresponsible Children (Complete Guide)
Estate Planning For Irresponsible Children (Complete Guide)
Estate Planning For Irresponsible Children (Complete Guide)

Apr 15, 2023

Apr 15, 2023

Estate Planning For Irresponsible Children (Complete Guide)

Estate Planning For Irresponsible Children (Complete Guide)

How To Get Power of Attorney For Parent With Dementia?
How To Get Power of Attorney For Parent With Dementia?
How To Get Power of Attorney For Parent With Dementia?
How To Get Power of Attorney For Parent With Dementia?

Apr 15, 2023

Apr 15, 2023

How To Get Power of Attorney For Parent With Dementia?

How To Get Power of Attorney For Parent With Dementia?

I Lost My Power of Attorney Papers, Now What?
I Lost My Power of Attorney Papers, Now What?
I Lost My Power of Attorney Papers, Now What?
I Lost My Power of Attorney Papers, Now What?

Apr 15, 2023

Apr 15, 2023

I Lost My Power of Attorney Papers, Now What?

I Lost My Power of Attorney Papers, Now What?

White house
White house
White house
White house

Apr 15, 2023

Apr 15, 2023

Is It Better To Sell or Rent An Inherited House? (Pros & Cons)

Is It Better To Sell or Rent An Inherited House? (Pros & Cons)

Is It Wrong To Move Away From Elderly Parents? My Advice
Is It Wrong To Move Away From Elderly Parents? My Advice
Is It Wrong To Move Away From Elderly Parents? My Advice
Is It Wrong To Move Away From Elderly Parents? My Advice

Apr 15, 2023

Apr 15, 2023

Is It Wrong To Move Away From Elderly Parents? My Advice

Is It Wrong To Move Away From Elderly Parents? My Advice

Moving An Elderly Parent Into Your Home: What To Know
Moving An Elderly Parent Into Your Home: What To Know
Moving An Elderly Parent Into Your Home: What To Know
Moving An Elderly Parent Into Your Home: What To Know

Apr 15, 2023

Apr 15, 2023

Moving An Elderly Parent Into Your Home: What To Know

Moving An Elderly Parent Into Your Home: What To Know

Moving An Elderly Parent to Another State: What To Know
Moving An Elderly Parent to Another State: What To Know
Moving An Elderly Parent to Another State: What To Know
Moving An Elderly Parent to Another State: What To Know

Apr 15, 2023

Apr 15, 2023

Moving An Elderly Parent to Another State: What To Know

Moving An Elderly Parent to Another State: What To Know

What If Witnesses To A Will Cannot Be Found? A Lawyer Answers
What If Witnesses To A Will Cannot Be Found? A Lawyer Answers
What If Witnesses To A Will Cannot Be Found? A Lawyer Answers
What If Witnesses To A Will Cannot Be Found? A Lawyer Answers