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MrMcgee

Member
What is the name of your state? Ohio

Inventory is due on July 7, for the probate I opened up for my fathers estate. The only things I have listed is his 401k, His house, his motorcycle, and his truck. I have his debts listed as the mortgage and a credit card debt. I am the only heir and also the administrator. I am looking to sell the house. Do I have to wait until inventory is done, or can I sell it now? Also, is there such thing as an early distribution for funds because after the house is sold, there will be about 40k in 401k. I know the debts won't amount that high and I would really like to pay for school.
 


lwpat

Senior Member
Normally a 401K passes outside the estate. Contact the people handling the account and furnish them with an original death certificate.
 

MrMcgee

Member
Well, I thought the 401k would pass outside of his estate. I don't know if its the same thing, but I think they call it a roth ira account, or something similar. My father didn't leave a will(we couldnt find one) nor listed a beneficiary on the brokerage account. I heard we had to probate the money in order to pay off his bills and since I am the only heir, I would get what is left.
Do you know the rules on that? I only ask cause I'd really like to pay for my school with this(my father paid beforehand).
 

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