My mom is dying. She has been in the hospital for a while now and has been declining since (if you have a serious change in lifestyle because of pain, loss of appetite, fatigue, please go see a doctor!). We don't think she will last much longer.
I am in my late 20s. I have two siblings in their early 20s and two in their mid-teens. I had her do a will and a POA. I'm the executor and agent on both of those. I ran a credit report to get a list of all her accounts. Only the mortgage ($19k left), 1 paid off credit card, car loan ($20k left) and a few small collections (<$200).
What do I need to do? I've been in touch with her job and she has life insurance that when split 5 ways will pay off the mortgage, pay for the younger kids to go through college and older siblings to figure out their lives. I plan on setting up a trust for everyone. Younger kids will get some at 18, can use any of it for college, if not it will pay out at 25 and 30. For my siblings in their older 20s it will pay out at 30. They are cool with that.
I think the younger kids will get disability until they are 18. I still need to find out about her pension through work. But she has an additional retirement account with $70k in it. Do I take out $20k and pay off the mortgage? Can I pre-pay for the funeral?
Her job will keep her as an active employee for another 60 days and keep re-doing that until she dies. So my siblings all have health insurance until then. Then what?
My biggest concern is I'm leaving the country in 3 weeks. I need to take care of as much as I can now. My grandmom can't handle this. My mom will be her third child she's lost (2 to premature death and one to mental illness).
Sorry for the info dump and all the questions. I'm super tired, I just had a baby and I've been at the hospital almost every day for the past 2 months. I'm trying to cover all the bases, but I want to make sure I haven't missed anything.
Submitted August 03, 2017 at 09:51AM by anyadualla http://ift.tt/2uZUlRv
