Jump to content

my brother died...now what?

Recommended Posts

My bro passed away, leaving no will. He had a $10,000 life insurance policy, $60,000 invested w/ Fidelity investments, a small house w/ a $30,000 mortgage (approx value of house $70,000). It will all go to our mom. My question is this. He also has a number ofcredit card debts, probably totalling $50,000. No judgements, just collection agencies. What can they touch; or in other words, how do I settle those debts at the least expense to my mom? Can they force the sale of his Fidelity investments? The house? Do you think I can negotiate a one time cash payout to them that is lower than the actual amount they are owed? Can someone steer me towards a good free advisor?

Thanks, deb

Link to comment
Share on other sites

This topic is now closed to further replies.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.