So my father passed away last week. Currently it is just my sister and I left to deal with everything. I know about needing copies of death certificates and those types of things.
I guess I have questions concerning social security and IRS type issues. the SS website says the funeral home contacts them about the death. I also have heard you have to send back the last payment. So the question I have is does anyone know how they send payments? Based on his bank statements the last payment was received 9/30, and basically always the direct deposit takes place at the end of the month. Would that be considered payment for September? Or is that payment for October?
We could not find a will or know anything about a will. I know you have to process a tax return for this year with the IRS in '25. What I was not able to find is if there is anything special that needs to be done for them. The IRS website is a joke for that info. Nothing about relatives filing, or anything other that estate executor or similar such titles. The one piece of advice the CFO at my work told me is if he does owe money, do not pay it from my own account. The issue is we locked his bank account but my sister was listed as the beneficiary. I assume she would be able to be in control once that happens and make sure the money is there if needed to pay any tax and send money back to SS.
Sorry if this post seems a bit rambling, but this is all new to me. There isn't exactly a guide book out there for what and how to do all of these things. Thankfully he did not have much and did not own a home. His only income was SS and retirement. His record keeping was nonexistent so I feel like I am just bumping along until I figure something out. We removed every ounce of paperwork from his apartment and found his phone and wallet. He was not tech savvy despite being an incredibly good prototype machinist for Hughes Aircraft/Raytheon for a long time. No digital accounts, apps, email, passwords, etc. Finding everything has been extremely difficult to say the least.
My sister is still active Navy and has two young kids on her own due to a recent divorce from a deadbeat dad. I am just trying to remove any extra burden from her for the things were she was not listed as the beneficiary, or at least not sure if she is the one listed yet. This is turning into a total shit show and I just don't really have anyone else to ask but this very public forum. None of my friends have lost their parents and had to deal with this. The rest of my family is essentially non existent or has no experience in this space. I'm at a total loss on some of this trying to figure it out and prevent anyone from coming after myself or my sister for any debts or money we may not know about. So any advice would be greatly appreciated.
I guess I have questions concerning social security and IRS type issues. the SS website says the funeral home contacts them about the death. I also have heard you have to send back the last payment. So the question I have is does anyone know how they send payments? Based on his bank statements the last payment was received 9/30, and basically always the direct deposit takes place at the end of the month. Would that be considered payment for September? Or is that payment for October?
We could not find a will or know anything about a will. I know you have to process a tax return for this year with the IRS in '25. What I was not able to find is if there is anything special that needs to be done for them. The IRS website is a joke for that info. Nothing about relatives filing, or anything other that estate executor or similar such titles. The one piece of advice the CFO at my work told me is if he does owe money, do not pay it from my own account. The issue is we locked his bank account but my sister was listed as the beneficiary. I assume she would be able to be in control once that happens and make sure the money is there if needed to pay any tax and send money back to SS.
Sorry if this post seems a bit rambling, but this is all new to me. There isn't exactly a guide book out there for what and how to do all of these things. Thankfully he did not have much and did not own a home. His only income was SS and retirement. His record keeping was nonexistent so I feel like I am just bumping along until I figure something out. We removed every ounce of paperwork from his apartment and found his phone and wallet. He was not tech savvy despite being an incredibly good prototype machinist for Hughes Aircraft/Raytheon for a long time. No digital accounts, apps, email, passwords, etc. Finding everything has been extremely difficult to say the least.
My sister is still active Navy and has two young kids on her own due to a recent divorce from a deadbeat dad. I am just trying to remove any extra burden from her for the things were she was not listed as the beneficiary, or at least not sure if she is the one listed yet. This is turning into a total shit show and I just don't really have anyone else to ask but this very public forum. None of my friends have lost their parents and had to deal with this. The rest of my family is essentially non existent or has no experience in this space. I'm at a total loss on some of this trying to figure it out and prevent anyone from coming after myself or my sister for any debts or money we may not know about. So any advice would be greatly appreciated.
