My father passed away unexpectedly not even a month ago... He has two 401k accounts through his two employers, a separate IRA account with an investment firm and two life insurance policies through those two employers. I am 21 my brother and sister are 19 and 15. I have no idea what i’m doing and i’m worried ill make a mistake that’ll result in the Irs taking a lot of the money.. any advice on how i should move forward? Any tips for obtaining the money without getting it all taxed? What would be the best move for my sister who is a minor? Should i try to set up trusts for us all? We were all financially dependent on my dad. I lived 2500 miles away from my siblings and once this devastation happened i quit my three part time jobs and came out here to help with everything. We are living off of my savings and help from my mom who was receiving and relying on child support from my dad. She is asking for child support from me now too but the social security checks for my sister are coming in and im hoping that’ll suffice. I apologize for the rambling, i just really don’t know what to do.. any and all advice would be beyond appreciated. Thank you.
Submitted August 24, 2020 at 05:44PM by you_can_call_me_mami https://ift.tt/2QloFzJ
