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My Mom
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<blockquote data-quote="DammitJanet" data-source="post: 583037" data-attributes="member: 1514"><p>Your kids wont end up with any bills except for the funeral expenses and you can prepay that if you so wish. </p><p></p><p>Your mom is one smart cookie if she can manage to put money into CD's, especially several years ago when interest rates were a bit higher and she put them in for long terms. My dad put my inheritance into a CD for me so I didnt have to deal with anything after his death. It didnt even mature until after his death and the interest rate was higher than any rate going at the time he died. Now when it will mature, I have got to cash it in and do something else with it because the interest rates now are like .08 percent and to lock my money in for another 5 years at that would be nuts. Its not like she cant pull the interest off if she desperately needs it even if she will take a penalty. </p><p></p><p>She needs to put her money in bank accounts with her name for XXXX upon her death. Not that the person can get the money now but upon her death. That way she is assured the person cant get her money now. Its easy to do this. Even my bank accounts are set up that way in case I croak. I did this after my meningitis and I worried that no one could access my accounts. Not that I have much in there but they would need what little is there.</p></blockquote><p></p>
[QUOTE="DammitJanet, post: 583037, member: 1514"] Your kids wont end up with any bills except for the funeral expenses and you can prepay that if you so wish. Your mom is one smart cookie if she can manage to put money into CD's, especially several years ago when interest rates were a bit higher and she put them in for long terms. My dad put my inheritance into a CD for me so I didnt have to deal with anything after his death. It didnt even mature until after his death and the interest rate was higher than any rate going at the time he died. Now when it will mature, I have got to cash it in and do something else with it because the interest rates now are like .08 percent and to lock my money in for another 5 years at that would be nuts. Its not like she cant pull the interest off if she desperately needs it even if she will take a penalty. She needs to put her money in bank accounts with her name for XXXX upon her death. Not that the person can get the money now but upon her death. That way she is assured the person cant get her money now. Its easy to do this. Even my bank accounts are set up that way in case I croak. I did this after my meningitis and I worried that no one could access my accounts. Not that I have much in there but they would need what little is there. [/QUOTE]
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