Location: California
The paperwork states that an uncle of my husband’s (who was a very loving man and I adored the time we got with him.)
Sadly, uncle passed away early last year. We did not know he had money saved or anything, he was a simple man with simple interests.
The letter from the court is informing us of the final decision of the last draft of the will to be finalized is in November.
In the draft they refer to as being finalized, my husband is named as a beneficiary of $110,000 in bonds. Both of our children are inheriting $10k each for their college fund.
The paperwork is real (I’ve worked for government before but nothing in relation to this). However, I’m curious what and when will happen next.
I’d like to put their college funds into high yield savings account, but I don’t really understand what any of this means.
Can someone please lay out in layman’s terms what is happening? Regarding my husband’s inheritance, we (he’s the lead here but we’re partners so obviously this is a we scenario) would like to take our kids on a nice vacation, get our credit back, and then invest the rest.
How does one liquidate bonds?
I apologize if this is the wrong area to ask. Im also happy to share a pic for validation of the story.
Thanks guys!
Comments
FYI Inheritance in CA is separate property. The superior court should have all documents relating to the estate that you need. If they are US treasury bonds you’ll will cash them in yourself or the administrator of the estate will do it before final distribution. The final distribution petition filed with the court should let you know how you will be paid out. There should be an administrator of the estate to contact.