SNeacail
New member
UGH! My dad recently passed and I was the one that had to go through everything to find all the life insurance policies and help my mom get everything transferred into her name. It's a major PITA. She's still playing musical chairs with my dad's pension and SS payments 3 months later. Turns out the life insurance policy had dropped in 1/2 due to his age and neither realized it...
IMHO Accidental death is a waste of money UNLESS you do a great deal of airline or rail traveling. Basically, it only pays in case of a plane crash or such. Car crash only counts, if you weren't driving AND don't own the car.
A will is a good idea, a living trust is better if they own their home (avoids probate - IF things gets re-registered into the trust). Unfortunately all debt usually reverts to the surviving spouse or whoever inherits the assets, like the family home, cars, etc.
My sympathies about having to deal with all this stuff.
IMHO Accidental death is a waste of money UNLESS you do a great deal of airline or rail traveling. Basically, it only pays in case of a plane crash or such. Car crash only counts, if you weren't driving AND don't own the car.
A will is a good idea, a living trust is better if they own their home (avoids probate - IF things gets re-registered into the trust). Unfortunately all debt usually reverts to the surviving spouse or whoever inherits the assets, like the family home, cars, etc.
My sympathies about having to deal with all this stuff.