What is the name of your state? FL
My mother recently passed and she didn't have a will. My father is still alive and owned the house with her. She had stocks in her name only, on which I was named TOD, and a 401K that has my father named as the beneficiary. I am listed on her checking account as the POD beneficiary. Would we still need to go through probate? And, do we still pay a federal estate tax? The total value of the stocks, checking and the 401K are more than $650,000.
I have never been through this and don't know where to start. Any help would be appreciated.
My mother recently passed and she didn't have a will. My father is still alive and owned the house with her. She had stocks in her name only, on which I was named TOD, and a 401K that has my father named as the beneficiary. I am listed on her checking account as the POD beneficiary. Would we still need to go through probate? And, do we still pay a federal estate tax? The total value of the stocks, checking and the 401K are more than $650,000.
I have never been through this and don't know where to start. Any help would be appreciated.