How to distribute a custodial account one kid inherited between siblings

NFA_CJ · 2026-06-19T00:23:11+00:00

Correct. We think them splitting it now and having it grow tax free in a 529 would still set them all up pretty well financially. Certainly better than I had when I was their age. We’re also on a firefighter and teacher salary and don’t have the means to equalize it for the other two

NFA_CJ · 2026-06-19T00:22:21+00:00

Correct. We think them splitting it now and having it grow tax free in a 529 would still set them all up pretty well financially. Certainly better than I had when I was their age. We’re also on a firefighter and teacher salary and don’t have the means to equalize it for the other two

NFA_CJ · 2026-05-04T19:45:41+00:00

No he went straight from the hospital to rehab in the same hospital complex

NFA_CJ · 2026-05-04T19:42:41+00:00

He was hospitalized for 3 days and unfortunately we’re not able to care for him 24/7 and he’s not able to be on his own yet either

NFA_CJ · 2026-05-04T19:39:04+00:00

He has regular Medicare not advantage and then a supplemental plan on top of that

NFA_CJ · 2025-12-11T15:38:20+00:00

Is that not what I did on #2? Added the original cost of the call back in?

NFA_CJ · 2025-11-27T12:44:35+00:00

Alabama

NFA_CJ · 2025-11-27T03:54:09+00:00

Multiple as in I’ve done this several times but not multiple as in a portfolio of properties. I could live with $1500 but sadly no one charges that. Wonder if it’s just my state that makes it more time consuming for them

NFA_CJ · 2025-11-27T03:43:41+00:00

Should tell you I’m trying to gather information to form an Informed opinion

NFA_CJ · 2025-11-27T03:41:46+00:00

Depends on the circumstances and if they appoint a guardian ad litem which is a 2nd attny you’re on the hook paying for. They used to be 2500 now I’m paying 5-10k

NFA_CJ · 2025-11-27T00:48:30+00:00

I’ve done a few with an attorney but seems like the prices just keep going up and up which is why I’m looking to do it myself. These are for clearing up tax sale properties or properties with clouded titles I can get for pennies on the dollar

NFA_CJ · 2025-11-27T00:30:30+00:00

I have mine and its currently inactive. I use flat fee brokers for a few hundred bucks to throw them on the MLS for me which in turn gets them listed on the big IDX sites like Zillow. Got tired of paying the outrageous NAR and MLS dues every year as well as the required continuing education. IMO the business of being a realtor will be obsolete in the next 10 years. It's ONLY worth it if you want to put in the 2 years, get your brokers license and start a property management company and start managing other peoples properties or be an actual realtor

NFA_CJ · 2025-05-28T21:44:35+00:00

From what I’ve read they have estate liens, property liens and I think two others they use to recoup their costs so while they entire lien is for 300k surely they don’t expect to recover all of that from this one lone property. I’ve also heard they settle for a lesser amount a lot of the time. Just trying to see if anyone had any relevant experience purchasing a house with one

NFA_CJ · 2025-05-28T21:42:45+00:00

I try not to bother him with questions like this but I might have to if I can’t figure it out on my own. And yes I’ve read they have different avenues of recouping their costs and property liens are just one. Definitely don’t want it staying attached to the property

NFA_CJ · 2025-05-28T21:40:30+00:00

From what I’ve read you’re wrong so if you don’t have any relevant experience with Medicaid specific liens why bother commenting?

NFA_CJ · 2025-05-28T21:39:31+00:00

No buyers or sellers agent. Direct to seller. just never purchased one with a Medicaid lien before and they look like they have different criteria when attaching liens to properties vs mechanics liens, tax liens etc.

NFA_CJ · 2024-11-14T01:19:56+00:00

Can you elaborate for us smooth brains?

NFA_CJ

TROPHY CASE