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what happens to your money in your mutual funds, stocks, and or house when you die?

September 8th, 2010 | | Tags: , , , | 5 Comments | |

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where does your go? to your family? the state? the government?

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5 Responses to “what happens to your money in your mutual funds, stocks, and or house when you die?”

  1. Yada Yada Yada Says:
     September 8th, 2010 at 4:08 pm

    Goes to the beneficiary, the estate, or probate or as directed in your will. A will is very important overall, but if you’ve designated a beneficiary with your mutual funds, the assets should go there.

    As for the other items, if it’s not in a will, you take a big risk. Depending on state, it could go to probate and who knows where the money’ll go. Better to take an hour, and just knock out a cookie cutter will to at least have something for people to go on!

  2. Pluck That Chicken Says:
     September 8th, 2010 at 4:08 pm

    Goes to the next of kin or whoever you name in your will.

  3. starsmommy Says:
     September 8th, 2010 at 4:08 pm

    make a will – or it will go into what they call probate – and then yes the state could end up with it.

  4. sugarbdp1 Says:
     September 8th, 2010 at 4:08 pm

    It goes to either your husband or your children leave a will if you don’t have a will & you if you owe the state then they will take your stuff then it will go to probate and your family will have to fight for it

  5. trademefx Says:
     September 8th, 2010 at 4:08 pm

    goes to your beneficiary ..

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