Of course, laws may vary by state, I suppose, but you're right in the bs-ness. I opened estate accounts from here (CO) for the ones I've run in MN & WI, no problem. Just picked a national bank which had branches in both places, so I could access when necessary no matter if I was up north or here.

Good thing your sister can handle that locally for you.

That must've been pretty cool to see the eagle get the fish.

yep bald eagle. we have them at our montana house. they even nest within sight every year. they occasionally take a duck off the water in front of the house but most times eat dead stuff. especially road killed deer. they are fairly frequent on the east side of florida.

nothing has been even suggested anyplace that zinc or vitamin c is beneficial to fighting the virus. a minimal amount says vitamin d might help a little but thats it.
people grab at straws and that is natural when they have no other hope or knowledge of what to do. but if a hospital is doing that i would be cautious of any advice or treatments they propose.
although zinc and c is harmless and maybe they are doing it to fool people in the hopes of having them be calmer. that may help mentally.

Banks......

My sister went to open the estate account and they told her that in order to do that, both of us had to be present at the same time. Well, kinda.

First I had to provide a "profile", which was basically taking all my personal information.

The lady at the branch I went to was super helpful and set up an appointment so I could be at this branch and my sister could be at her branch and the bankers would take care of everything.

What a pain.

Yeah, I think she was implying they really don't do much as far as giving them the drugs you hear about on the news.

We put mom's condo up for sale on Friday and we have an offer that I think we'll probably accept.

In more personal news.....

My wife was just informed that a patient she worked with yesterday for about 30 minutes was sent to the hospital with covid.

Good luck with the estate, but more importantly, best wishes to biggerwife. Yikes, hopefully she didn't contract it.

+1

generally always counter the offer. as they often take it. i also find that it you counter with a meet half way between listed price and their offer it gets accepted.
although sometimes they just say thats their final and then you decide. very rare they walk and dont respond to your counter.

If it's in Austin, thy may have offered more than the ask.

The long story.

The man is an obese resident with mild dementia. My wife and several other workers were in his room because he had fallen and they were trying to get him up.

Sometime in the process he complained of not feeling well and described his symptoms. They called ems to check him out. Ems came in, quickly assessed things and immediately went out to get their hazmat suits.

My wife was in very close contact with the man who was not wearing a mask. She was.

We are now quarantining. My wife has no symptoms but she is staying in the guest bedroom. We are lucky we have two full master bedrooms so we can isolate pretty easily. We've discussed this scenario long ago so it has been fairly easy, although it is tough not being able to be close to her.

Her work has told her to continue working. She wears an n95 and face shield anyway so nothing has changed. However, if she begins showing symptoms she'll come home immediately.

She got tested yesterday and they mentioned they might do a rapid test today but have since said they won't. She will get tested again either tomorrow or Friday.

Yeah, we countered. Mom's place is really hard to comp so we put a really high price on it. We are getting a fair price I think.

I'm a little annoyed with our real estate person. We were extremely clear up front that we will not sign any contract without it going by our lawyer. She sent us the counter-offer sheet, which she messed up. After fixing it I sent it to our lawyer and the agent seemed a little put out that it will take a bit for him to review.

Leaning post and tackle box in. Looks great.

He said he was going to put it in the water today, but he also said it is cold there and he's been saying he's going to put it in the water for quite some time so we'll see.

I'm completely spent emotionally.

Mom's stuff has created some friction between my sister and I. The boat thing just keeps dragging on and has created some friction between my wife and I. The quarantining here isn't helping. Nothing ever seems to get resolved. I'm not sure at this point that getting mom's stuff resolved or getting the boat will even give me any sense of either joy or relief.

It broke out to the upside Tuesday and is up about 20% now. My emotional side keeps telling me that this company is way overvalued, which is why the logical trading side of me didn't pull the trigger. This is why I am not a successful trader.

Hang in there. I can go weeks or months where not one thing can get finished, then everything comes together in a couple of hours. Why it has to be like that, I don't know.

Thanks. Yeah, my logical brain understands this, but my emotional side doesn't always handle it.

My wife is really struggling too. More than I am.

She went to the testing site this morning. She got there early to avoid the lines. Only she didn't. The lines are as bad or worse than early on in the pandemic. She was told a minimum 2 hour wait.

On top of that, she is getting piled on at work. She has been working 12 hour days for 2 weeks now. That with getting exposed to covid.

And........... on top of that, her sister is having a psychotic episode. It's a long story but it is really really really bad.

It makes my issues seem nonexistent.

Tough times for everyone but it has really hit my wife hard.

On the good news front, it appears as if the boat is done.

Here is his text:

Update on estate. Mom's bank account money is now in the estate account. Her account was with bank of america, which is where we opened the estate account. They have been ridiculously helpful. I may change banks after this. The customer service is top notch.

Also, talked to the broker that has the bulk of mom's money. Mostly stocks and bonds. They will set up an estate account next week. Once all of that is done we can transfer assets. Probably won't be until the week after before it hits my account.

Boat in water!

Please pass on my best to biggerwife, hope she can hang in there. Sounds like a terrible
work situation for her.

Congratulations on the boat being tested. I've forgotten, does this mean a trip to NC for you to pick it up, or is it delivered?

On the estate, my experience is it depends. If any accounts are co-owned or transfer on death, those funds should be immediately transferred to the beneficiary.

However, if they're not, then they are put in the estate account. Typically investments are liquidated, because money splits evenly between the heirs. However, that is one of the wrap-up parts of the estate--after all the paperwork is done and the estate is closing down, there will be distributions to the heirs as appropriate. If the estate is big enough, there may be a series of distributions. This allows the heirs to get something without having to wait til to process is complete, but enough is left in the estate to cover any expected expenses.

Any expenses of managing the estate or funeral should come out of the estate first.

My experience was that I made out a simple little spreadsheet for the attorney to follow the estate account and expenses as they were being built up. They ensure that everything's legitimate and approve distributions, then I wrote checks and mailed them out.

Best of luck with everything. Take care.

Thanks golddog. We will be fine but it has been a tough go lately. Of course, this is true for virtually everyone. My hope is that she will be one of the first groups to get the vaccine.

Also, she was exposed Monday and has shown no symptoms. Nor have I. So, that's good.

The estate stuff is really going according to plan. It is just a slow process.

Yeah, we are liquidating the portfolio and moving everything into the estate bank account. Then we will just split it from there.

An interesting thing that I never knew. When liquidating her assets, capital gains/losses are calculated as of the date of death.

We are hiring a professional service to tow the boat back. I have no desire to pull a boat that large (or any boat really) that far.

Right on the capital gains, I should've thought to mention that.

IIRC, the heirs are liable for taxes on their portion of any gains. I think it's taxed at the short-term gains rates, but not sure of that.