🔺 r/personalfinanceuFocusAcademic4013·70 days ago
Unexpected Inheritance - Overwhelmed
Anonymous account My sister recently passed away unexpectedly. While I would rather have her than her money, I am left with some decisions to make for her estate as I am the youngest in the family, and I have four siblings left alive. Situation Sister "Jane" passed away without a will. I am much younger than the rest of my family, so she designated me as the heir on all of her accounts, as she expected me to live the longest (she was the next youngest). I do believe she would have intended for me to divvy up funds to the siblings, so I have already indicated to them that I intend to do so. TBQH I am more financially literate than other family. Using round numbers, she was a saver and had a number of different assets. $30,000 personal savings $100,000 certificates of deposit $400,000 brokerage account $400,000 457(b) - she was a state employee My family is aware of these assets. The easy math (aside from taxes to the estate) is for me to take these funds, and split them up evenly. Everyone gets roughly $186k before taxes are applied. Yes, I realize I need professional help, CPA at least, but there is another wrinkle in her assets.... Defined benefit pension. I am listed as the sole…