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LODGE NORTH
Jul 30, 2007






キャンプ。




Hey all, couldnít find a proper megathread so Iím just making an overarching thread.

My girlfriendís father passed away a little less than a year ago.

No one seems to have dealt with a situation like this so weíre a bit confused. A lot of info is also being passed down to us telephone style and for most things, it doesnít make sense to me. I donít know where the information is originating from, but more on that later.

When he passed, he had a life insurance policy that listed my girlfriend and her brother as *something* that means they have to put it in a trust or through a trust or whatever the proper verbiage is here. Again, this is what iím being told, so I have no real idea if this is 100% the case. It has something to do with both of them not being listed as individuals. Thereís a ton of confusion here mostly because we donít know the terms or what we should be saying or calling things. It somehow has something to do with the money being taxed or not taxed.

The money from the policy was split and they both have checks for the money. However, itís not as simple as ďput it in your savings and be done with itĒ apparently. Again, lots of regurgitated information so itís hard for me to be solidified in whatís happening. Most of what we kinda sorta know is coming from some advisor somewhere who is then telling my GFís mother, who is in turn filling in my GF. Worst part is, GFís mother has a tendency to either forget key things or explain them poorly until someone corrects her.

All in all, iím asking if anyone has dealt with life insurance policies before, knows what I could be talking about, or has any advice on the best way my girlfriend can go from having this golden check and doing nothing with it to putting it into her own savings or something.

Honestly, any help is appreciated and Iíll try and answer any questions the best I can.

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LODGE NORTH
Jul 30, 2007






キャンプ。




tbp posted:

Hey, I came into this thread genuinely interested in helping, but unfortunately (and I am just going to say this bluntly because I recognize it's been almost a month since the OP, so you may never see this post) you missed really all of the keywords that might get me even close to the idea of what you need.

I'd listen to the above posted to start, and then come back here with more of a gist of what they are talking about. I can help walk you through anything from there from a financial planning aspect if you need, at least the basics.

Ha, itís all good. Couldnít even begin to tell you what ended up happening, but it all worked out. A longtime friend of mine is a divorce lawyer and knew some people who could help us (them) out. They got everything situated between themselves and allís good now.

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