Do you have a will....have you planned your estate out?
My mother passed without having a will. She didn't "own" anything much, but the little that she did has turned into a dang nightmare. It will be at least a year before we can sell the little place she owned because it will have to go through probate court since she didn't have a will leaving it to anyone. Meanwhile the bills are rolling in for the various things.....medical expenses that weren't covered....final expenses.....and now the grass has become an issue. Her place is surrounded by relatives that she wanted to live nearby in her final years.....but this bunch weren't ever enough count to mow her grass. I'm certain they have thoughts about owning that place one day.......and I'll sell it to them if they want to pay, but I swear, if they cause me one moment of grief I will find the crappiest person I can and sign it over to them.
I've been talking to Larry about what we should do to prepare ourselves. The girls would fight like cats and dogs over every single object in this place on certain days and insist the other take it all for themselves on others......it will be a nightmare if either of them were in charge. Putting my son in charge right now wouldn't be a smart move because he hasn't officially grown up enough yet to deal with anything. My brother would do, but I don't think he'd want to do it. I hope my son ages properly enough to wrangle his sisters into some workable frenzy if and when the time comes. Liam is my long term plan for now.
I've been talking to Larry about what we should do to prepare ourselves. The girls would fight like cats and dogs over every single object in this place on certain days and insist the other take it all for themselves on others......it will be a nightmare if either of them were in charge. Putting my son in charge right now wouldn't be a smart move because he hasn't officially grown up enough yet to deal with anything. My brother would do, but I don't think he'd want to do it. I hope my son ages properly enough to wrangle his sisters into some workable frenzy if and when the time comes. Liam is my long term plan for now.
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I told my daughter shortly after I retired that I wanted to set up a trust so the next pair of boots through the door doesn't end up with what sould be theirs' , meaning my kids. After delivering mail for 32 yrs, I know there is a whole culture out there of people waiting, men and women, to latch onto someone with money and scheme their way to it. 0 -
having someone in the family die is the best way to find out what scumbags most relatives/family are......they come out of the grass like migrating snakes or vultures swooping down on roadkill 0 -
We set up wills and trusts about 3 years ago. I had major heart surgery 3 years ago and could have easily died. Got lucky and doing well. After the heart surgery we discovered a couple of issues. Thankfully we had most of it covered but I have 9 rental properties that my wife has no involvement with at all. If I had died then she had no clue as to how to deal with them at all. We found a local property manager that knows the area and I am comfortable with. We have a written agreement with her to take over management of them and assist the family in either selling them or keeping them with her managing them. One of the things I did 3 years ago was to make arrangements with a local FFL who I trust to get all of my gun collection and selll them on Gunbroker or through his shop depending on which will be better. Hunting guns will probably go thru his shop and collectables through Gunbroker. We have a written agreement and the wife has met him so that should be no problem. Sadly no matter how much you prepare, there will be some issues that will come up that will not be simple for your family. 0
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