My question involves estate proceedings in the state of: NJ/PA
I just got off the phone with the county surrogate lady a few hours ago, I verified that the spouse takes 25% off the top but no more then 200,000 dollars, I was able to find out that a list of assets was filed and she (the surrogate) is mailing me the entire casework. (I had to pay a fee)
while on the phone I used my charm of course, to get certain info, as she told me she cannot tell me over the phone the list of assets, but she was laughing and explaining how surprised im going to be,, we talked for a good while, and I was able to determine that im getting seven figures now! the house was peanuts, it seems there is some type of invested cash in some type of banking I suspect, maybe cds or something like that, I have no idea, but its something along those lines, she really wanted to tell me,, but she could not, anyway,, she said my life was going to change. I should receive the list of assets by the end of next week.
that being said,, I really have no idea what to do at this point, but I have a few questions
1: do I need to pay any type of taxes? I live in PA, my father died in NJ where he lived. if so, how much would I need to pay on say 2million?
2: how do I cash such a big check when I get it, I need lots of advice here,, I know that normal checking accounts like the one I have are not insured for over 100,000 or something like that, so I need to know how and where do I put the money.
3: im on food stamps right now,, I don't really have a pot to pee in,, so hiring a lawyer would be a strain, but I know a guy that would lend me the money, but unsure if I even need a lawyer now, because most of my fathers money is in some type of cash holding, not property or cars/boats. so its basically just cutting the money in half. not much the administrator could do to screw me on that I suspect. but would you hire a lawyer just due to this large amount of money at stake??
4: what are the odds of having any of that money getting paid out before the probate ends, I read something about people getting a payment of cash before the estate is finished or something.. some type of mini distribution ?
that's about it for now, I cant tell you how happy I am right now, to learn this, me and that girl at the court house were just laughing together over the phone, I don't think ill even be able to get to sleep tonight!:welcoming:
I just got off the phone with the county surrogate lady a few hours ago, I verified that the spouse takes 25% off the top but no more then 200,000 dollars, I was able to find out that a list of assets was filed and she (the surrogate) is mailing me the entire casework. (I had to pay a fee)
while on the phone I used my charm of course, to get certain info, as she told me she cannot tell me over the phone the list of assets, but she was laughing and explaining how surprised im going to be,, we talked for a good while, and I was able to determine that im getting seven figures now! the house was peanuts, it seems there is some type of invested cash in some type of banking I suspect, maybe cds or something like that, I have no idea, but its something along those lines, she really wanted to tell me,, but she could not, anyway,, she said my life was going to change. I should receive the list of assets by the end of next week.
that being said,, I really have no idea what to do at this point, but I have a few questions
1: do I need to pay any type of taxes? I live in PA, my father died in NJ where he lived. if so, how much would I need to pay on say 2million?
2: how do I cash such a big check when I get it, I need lots of advice here,, I know that normal checking accounts like the one I have are not insured for over 100,000 or something like that, so I need to know how and where do I put the money.
3: im on food stamps right now,, I don't really have a pot to pee in,, so hiring a lawyer would be a strain, but I know a guy that would lend me the money, but unsure if I even need a lawyer now, because most of my fathers money is in some type of cash holding, not property or cars/boats. so its basically just cutting the money in half. not much the administrator could do to screw me on that I suspect. but would you hire a lawyer just due to this large amount of money at stake??
4: what are the odds of having any of that money getting paid out before the probate ends, I read something about people getting a payment of cash before the estate is finished or something.. some type of mini distribution ?
that's about it for now, I cant tell you how happy I am right now, to learn this, me and that girl at the court house were just laughing together over the phone, I don't think ill even be able to get to sleep tonight!:welcoming:
Heirs and Beneficiaries: How is a Large Inheritance Distributed to an Heir
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