the information that she provided. There is a lot to do both on her part and mine. I had no idea!
But, I feel that I am in good hands and it will all eventually work out. I provided her with wills and death certificates for both mom and dad. This will help secure their house as an asset. I also have to get her house inspected and evaluated for current worth. I need to do this in 6 months from her day of death. This will help with capital gains taxes when and if I sell it. The taxes will be based on the current value, not the original value of the house when she and dad bought it.
Once I am approved as "executor" by the probate court I will be granted access to mom's accounts. Then I can officially obtain access to her accounts and safety deposit box. At some point those funds will go into an estate account and once everyone is paid, I will then have access to the funds. Should take 4-6 months. I think.
Honestly, it was so much information ( I took notes and the lawyer provided a 5 page outline of our meeting) that I will be calling them back with questions. Luckily, I am on mom's checking account and this provides me with the funds to finance this endeavor. Lawyers ain't cheap!
(Sigh) Tomorrow after work, I am meeting with mom's financial planner. Since she knows all about her money she can help me decide what to do and to help transfer her IRA's to me without having to pay taxes. We are also going to evaluate my budget and see the long term outlook on when and if I can retire.
More stuff to pull together for tomorrow's meeting.
What are your experiences with probate and estate lawyers?