What is the name of your state (only U.S. law)?
Virginia
My Fed-Government Retired father passed away last Tuesday and unfortunately left no will. The house is paid for (worth $500K) and both my parent's name are on the the deed. The two cars are paid for but I believe one car has my father's name listed as sole owner. My father was receiving social security benefits, and pension, and mom just retired at the end of October but has not collected social security. Credit cards have been paid for and/or closed. Checking accounts are joint. He has retirement benefits he hasn't used (TSP). Dad was on medicare plus secondary health insurance before passing on, so not sure if there are medical bills yet.
Funeral has been paid for, but not sure what to do next.
Must we go through probate? I hear it's expensive and don't think mom has enough money to expenses yet. Also, how long is the process of probate?
Are estate taxes, death taxes, and income taxes due now?
Virginia
My Fed-Government Retired father passed away last Tuesday and unfortunately left no will. The house is paid for (worth $500K) and both my parent's name are on the the deed. The two cars are paid for but I believe one car has my father's name listed as sole owner. My father was receiving social security benefits, and pension, and mom just retired at the end of October but has not collected social security. Credit cards have been paid for and/or closed. Checking accounts are joint. He has retirement benefits he hasn't used (TSP). Dad was on medicare plus secondary health insurance before passing on, so not sure if there are medical bills yet.
Funeral has been paid for, but not sure what to do next.
Must we go through probate? I hear it's expensive and don't think mom has enough money to expenses yet. Also, how long is the process of probate?
Are estate taxes, death taxes, and income taxes due now?