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View Full Version : if a parent dies before retirement age and you are the beneficairy what do you inherite?


heather s
10-26-2007, 06:21 PM

Sway_27
10-26-2007, 06:24 PM
whatever they have left you, plus whatever kind of benefits they signed up for with their employer. My my my, what a wonderful daughter you must be

The R
10-26-2007, 06:25 PM
all the assets minus the debt and then u pay the estate tax which is half

Spirish_1
10-26-2007, 06:26 PM
It depends what they have put you on as their beneficiary. For instance if they have a life insurance policy where they have named you the beneficiary you would receive that.

lilbreeze2000
10-26-2007, 06:27 PM
It depends on what they had, and how much debt they occured while living. If the home was owned, you will have to wait for everything to go through probate before you can have anything. If there is any amount of money owed to anyone, the house will be sold and all debts will be paid out of that. If you are the only person to benefit from the death, everything there after would be yours. If there was children, they can contest, and you will be made to give the difference to them.

piegowdealer
10-26-2007, 06:29 PM
Pretty much what you'd inherit if (s)he dies after retirement age?

SS kicks in for college and a stipend if a parent dies before you turn 18.

Parent's age has little determination on inheritance.

fangtaiyang
10-26-2007, 06:35 PM
That depends on the last will and testament of the parent. It also depends on what they have to retire on. There is a one time social security payment of about $250 that goes to the deceased's family. A child in school, as in K-12 that is under 18 will be elligible for social security payments while in school. The payments will continue until the child either leaves school, marries or reaches the age of 19. Payments cease when the student graduates from high school. Any other inheritance depends upon the will of the parent.