Hi
i am new here so please bear with me.
My husband died 6 weeks ago leaving a will which left all his assets to me. ie House (we were joint owners not tenants in common). At the time of his death we were overdrawn on our joint account. As he had Terminal Life Cover with his Life Insurance policy there was an ongoing claim when he died and this was paid out a week after his death- we had not expected him to pass away so soon.
So my question is- is the money from this his asset or as it was paid after his death into our joint bank account does it belong to me? he had a couple of credit cards with outstanding balances and I am being chased by the Companies to pay them.
i am so confused and would welcome any advice at this time.
thanks
susie
i am new here so please bear with me.
My husband died 6 weeks ago leaving a will which left all his assets to me. ie House (we were joint owners not tenants in common). At the time of his death we were overdrawn on our joint account. As he had Terminal Life Cover with his Life Insurance policy there was an ongoing claim when he died and this was paid out a week after his death- we had not expected him to pass away so soon.
So my question is- is the money from this his asset or as it was paid after his death into our joint bank account does it belong to me? he had a couple of credit cards with outstanding balances and I am being chased by the Companies to pay them.
i am so confused and would welcome any advice at this time.
thanks
susie
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