OT:Inheritance, freind getting shafted by bro/sis., how to ensure it's fair split?? |
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OT:Inheritance, freind getting shafted by bro/sis., how to ensure it's fair split?? |
Mueller |
Feb 3 2006, 04:47 PM
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#1
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914 Freak! Group: Members Posts: 17,146 Joined: 4-January 03 From: Antioch, CA Member No.: 87 Region Association: None |
Got a close family member that lost his parents not too long ago (old age, lived a great life)
His brother has taken over as the excective of state (correct term???), he has a few sisters(4) as well.... Problem is is that the brother and 2 sisters are gaining access to the bank accounts, the property and no one but them is really knowing how much and where the money is going (in thier damn greedy hands) Parents net value supposed to be in the low 7 digit area, the brother and sisters have for years sucked money from thier parents and had them buy homes for them in the LA area, my friend works his @ss off and never asked for money from his parents... The reason I'm pissed off is that my friend works 2 jobs to make ends meet, is getting up there in age (55) and won't put up a fight to get what should be fairly coming to him. The Will is being read this weekend, but we have a feeling he'll get just a "token" amount in the $50K range when his other siblings will be walking away with close to a million or so when all the property is sold off and the multiple bank accounts have been cleared out. We know the Will mentions a specific bank account for each sibling, the issue is is that the mother had multiple accounts for herself that keep popping up yet no mention of what to do with the funds...so, good old brother and sister will be keeping it for sure.... He won't put up a fight and it just irks us to no end seeing his own brothers and sisters screwing him over (IMG:http://www.914world.com/bbs2/html/emoticons/headbang.gif) This is in California if that makes a difference on whether or not we can make waves on his behalf..... |
rhodyguy |
Feb 3 2006, 05:16 PM
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#2
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Chimp Sanctuary NW. Check it out. Group: Members Posts: 22,084 Joined: 2-March 03 From: Orion's Bell. The BELL! Member No.: 378 Region Association: Galt's Gulch |
( this is in washington) i was the pr for my fathers estate. the named personal representative of the estate has a fiduciary responsibility to see that the terms of the will are met. before the will is finalized in court, there must be a statisfaction of heirs submitted to the court. are things dif in cal? your friend should be in counseling if the grief has his judgement clouded. he needs to get pissed off, get an attorney, contest the actions of the pr (the estate will have to pay for it). the court could appoint a new pr, to act in the best interests of all parties. the pr must provide complete accounting regarding the monies in the estate if demand by other heirs. the pr has to go before a judge, and swear under oath that they are the pr and will fullfill the terms of the will. your friend must not sign anything!! and needs to speak with an attorney. these matters can shatter families, but your friend has to look beyond his immediate feelings, and consider the future. specificly heirs he might have, both now and in the future. i wonder if his/her siblings are jointly named on any saving, check, or investment accounts? again, your friend should consult an attorney.
k |
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