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Estates, Executors & Probate Court
If you find yourself in charge of winding up a loved one's estate, you probably don't know where to start. Here are tips on tackling this demanding job, one step at a time. (Good news: you may never need to set foot in a probate court.)
One last thing...
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My fiancé passed away last year. Our deed lists us as "joint tenants with rights of survivorship." To settle his estate, his family wants to pay off his half of the mortgage owed on the property. Does this mean that his beneficiaries would then automatically own his half of the property?
I have a 401(k) plan that's worth about $50,000. Will my beneficiaries have to pay taxes or penalties if they withdraw this money when they inherit it after my death? Can they roll it over into another tax-deferred plan?