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> OT:Inheritance, freind getting shafted by bro/sis., how to ensure it's fair split??
Mueller
post Feb 3 2006, 04:47 PM
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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.....
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alpha434
post Feb 3 2006, 05:44 PM
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QUOTE (riverman @ Feb 3 2006, 03:32 PM)
A will is a legal document and the executor is only responsible to ensure that the decisions made in the will are carried out. If the deceased wants the kids to split the money equally, then that will happen - regardless of what the executor wishes. If the deceased only wants to give your friend a token amount, then that is what will happen as well. Assets not mentioned in the will should go into testate, and most juristictions have laws that govern how these are divided. Testate tends to divide assets equally if there are siblings involved. If your friend feels like he is getting shafted, then he should get a lawyer and contest the will.

Except he doesn't feel like he's getting shafted, yeah? That's a hard one. You can't make him fight with his sisters/brother. It's a sad case, but I'm not sure what you can do for him if he's not on board.

My parents just got divorced. My dad had no interest in fighting with my mom at all. It took some really tough love to get him to make a move. The divorce was finalized last week, he got everything.

The point was, if he doesn't want to fight, then he can't win, whether whats going on is right or wrong.
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Posts in this topic
Mueller   OT:Inheritance, freind getting shafted by bro/sis.   Feb 3 2006, 04:47 PM
KaptKaos   Probate attorney, only thing I can think of.   Feb 3 2006, 04:58 PM
rick 918-S   Mixed family, my dad died first, step mom died 14...   Feb 3 2006, 05:03 PM
rhodyguy   ( this is in washington) i was the pr for my fath...   Feb 3 2006, 05:16 PM
airsix     Feb 3 2006, 05:18 PM
Headrage   Probate attorney and fast!!!   Feb 3 2006, 05:18 PM
riverman   A will is a legal document and the executor is onl...   Feb 3 2006, 05:32 PM
736conver     Feb 3 2006, 05:36 PM
alpha434   <...   Feb 3 2006, 05:44 PM
Mueller   ...   Feb 3 2006, 05:46 PM
rhodyguy   my father's will had a codicil that stated "if...   Feb 3 2006, 05:47 PM
Mueller   <...   Feb 3 2006, 05:51 PM
Mark Henry   Here it's called being the executor. I don...   Feb 3 2006, 05:53 PM
rhodyguy   it has nothing to do with what's fair mike. it...   Feb 3 2006, 06:01 PM
Grimstead   My (limited) understanding is in California any es...   Feb 3 2006, 06:02 PM
Mark Henry   ...   Feb 3 2006, 06:18 PM
drew365   I can't blame him if he doesn't want to be...   Feb 3 2006, 07:34 PM
carreraguy   I'm not a lawyer but due to my own experiences...   Feb 3 2006, 07:46 PM
boxstr   Only child. http://www.914world.com...   Feb 3 2006, 09:15 PM
Toast   Sadly, it's the good guys and gals that finish...   Feb 3 2006, 09:46 PM
Borderline   Are you sure that there is no living trust? If th...   Feb 3 2006, 11:06 PM
Mueller  
  Feb 8 2006, 04:12 PM
Scott Schroeder   I had a discussion about this type of thing last n...   Feb 8 2006, 04:39 PM


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