I am receiving letters from creditors stating that the estate of my aunt has to pay her debt. I am not an executor of her estate. She did not have any money in the bank or assets. She was on disablity and lived off of her retirement and social security.
When my aunt died I (nephew) was the beneficiary on some insurances and 1 pension.
2 life insurances = 75,000
1 retirement fund in which my aunt placed 28,000 of her own money(payroll deduction). With interest and matching payment from her company, the payout was about 80,000. This is going to be taxed by a 20 % capital gains tax.
Here is my question? Can her creditors get any of the above funds?