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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
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Experience:  10 years experience
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Hammond lumpsum check
, my wife passed away in oct.i

Customer Question

Customer: ***** ***** Hammond lumpsum check
JA: Thanks. Can you give me any more details about your issue?
Customer: my wife passed away in oct.i filled out some papers and sent them so they sent a csf check and it was in Linda's name I tried to put it a saving acc, I set up on my checking but they would not put the check in it
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Customer: I guess but how come it cost so much when I 'm to get someone who deals in the checking
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Submitted: 10 months ago.
Category: Tax
Expert:  Lane replied 10 months ago.

I hold a JD (Juris Doctorate, a doctoral degree in the law), with concentration in Tax Law, Estate law & Corporate law, an MBA, with specialization in finance & tax, as well as CFP® and CRPS designations. - I’ve been providing financial & tax advice since 1986.

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Hi - I can help here.

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What you'll likely need to do is (1) use a joint account if you still have one, (2) Ask them to make the check to you as the beneficiary or (3) get an ein for the estate and have them make the check payable to the estate (if they will not pay to you, sya, because you may not have been on the account as beneficiary)

Expert:  Lane replied 10 months ago.

Was this a lump sum from, say, a pension plan? because of her passing?

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Or a lump sum for some other reason, such as her coincidentally leaving employment at around the same time

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If it was in-deed a death benefit and the check came made to your wife's name two things could have happened (1) they made it out to her name by mistake (2) they may not have had beneficiary on file

Expert:  Lane replied 10 months ago.

Again, if you'll let me know about the source of the funds I can help here.

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I'm not sure what csf check means

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and also could you tell me if this was a retirement fund check, severance check, etc.. that would help

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I'm sure I can help you here if you can provide more information

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