- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Spouses involved in succession
Posted on 9/6/17 at 2:53 pm to Monday
Posted on 9/6/17 at 2:53 pm to Monday
got a family full of grubbers myself
I have made it clear that I want no part of any estate unless it's my own mother or father.
just leave me out of it
when my parents die I've also made it clear I want one thing and one thing only...my dads firearm collection. Everything else they can pick thru without me
I have made it clear that I want no part of any estate unless it's my own mother or father.
just leave me out of it
when my parents die I've also made it clear I want one thing and one thing only...my dads firearm collection. Everything else they can pick thru without me
1
Posted on 9/6/17 at 3:20 pm to WiredBobcat
quote:
Do y'all think it is a good idea for spouses to be involved in succession?
not unless they are legatees.
Posted on 9/6/17 at 3:29 pm to cgrand
quote:
got a family full of grubbers myself
I have made it clear that I want no part of any estate unless it's my own mother or father.
just leave me out of it
when my parents die I've also made it clear I want one thing and one thing only...my dads firearm collection. Everything else they can pick thru without me
I found out just how fricking petty my aunts and cousins are when named the executor of my grandparent's will. Fighting over everything from the property and the house to 40 year old fricking dishes. I own the farm that my grandfather used to own, I bought it from him before he passed, he kept 20 acres for himself, sold me 280 , years ago. well when he passed the instructions were to sell the house and the 20 acres at market value and split the money or I had the option of buying the property myself at 75% of market value and splitting the money between my mom and the 3 aunts.
One of my aunts was fricking homeless. So I bought the damn property at 75% and let her live in the house for free. It's been 7 years my aunts still won't talk to me, somehow I screwed them over. I'm not sure how yet, but somehow me paying 75% of what the property was worth splitting it among the four of them and letting my aunt who didn't own a home (my mom and my other aunts are comfortable , not well off but comfortable) live there rent free was screwing them over.
People suck.
Posted on 9/6/17 at 3:30 pm to Pesticide
quote:
on the flip side, I am the executor of my mother's will. I will have to fight my eldest brother who is an attorney. Myself and my sister want the property sold. Not that I want to be sold but it's what's best.
Make sure mom designated you as the "Independant Executor". Allows you to do what you want without having to seek your brother's or court approval.
Posted on 9/6/17 at 7:57 pm to baldona
quote:
My mom is the executor of her sister's estate that is paying for my aunt's kids 'higher education'. We are talking crap like beauty school, some juco, mechanics school, etc for like 6 kids. What a mess. Good on my mom, but goodness I don't know why she volunteered for that headache.
Your mother is entitled to draw a fee for administering the estate. If she is (or the estate is) in Louisiana and a reasonable fee was not agreed upon between your mother and her sister she is able to receive 2.5% of the total value of the estate for her service.
Posted on 9/6/17 at 8:59 pm to WiredBobcat
My FiL has about 500 acres worth about 3/4 a million. I love that man dearly but I make sure and stay out of succession talk. I'll listen and respond when asked questions.
He tries to include me but I don't feel right giving my opinion when her brother and her are still in the picture. As committed as I am to my wife, I don't think I have a right to opine until we get there and I'm still in the picture.
BiL and I get along great and I don't foresee any problems when it comes to working that all out, but I don't like to get involved right now.
He tries to include me but I don't feel right giving my opinion when her brother and her are still in the picture. As committed as I am to my wife, I don't think I have a right to opine until we get there and I'm still in the picture.
BiL and I get along great and I don't foresee any problems when it comes to working that all out, but I don't like to get involved right now.
Posted on 9/6/17 at 9:01 pm to WiredBobcat
Can't wait for my inlaws to croak, they got some money and land for my wife and it's all mine
Posted on 9/6/17 at 9:09 pm to WiredBobcat
quote:
Do y'all think it is a good idea for spouses to be involved in succession?
Why would the spouses even care? It seems like a spouse would only get involved if they are allowed to get involved so when it happens talk to your sibling and let them know it isn't appropriate for their spouse to get involved. If they get upset, they will eventually get over it.
Posted on 9/6/17 at 11:01 pm to OweO
quote:
Do y'all think it is a good idea for spouses to be involved in succession?
Why would the spouses even care?
Not in Louisiana. My husband handled his Sister's estate. He agreed with his sister to do it and we knew he was not in the will. I had the experience of handling both of my parent's estates, so I helped. Just knowing what to do, how to figure out moneys owed, how to handle stocks ...I knew these things and it made it easier for him and things got done fast. The estate was settled completely in four months, not even going into a different calender/tax year.
Posted on 9/6/17 at 11:05 pm to Martini
Wow 2.5%
This post was edited on 9/6/17 at 11:19 pm
Posted on 9/7/17 at 9:07 am to WiredBobcat
It is a horrible idea for spouses to be involved in successions. I've handled successions for 31 years and when the spouses get involved, something always goes wrong.
Posted on 9/7/17 at 9:17 am to Pesticide
quote:
I'm already having to deal with a second brother and his wife because my mother wrote him completely out of the will.
Does he know this? I think we are going to need more info.
Posted on 9/7/17 at 9:44 am to 3nOut
quote:
My FiL has about 500 acres worth about 3/4 a million. I love that man dearly but I make sure and stay out of succession talk. I'll listen and respond when asked questions.
He tries to include me but I don't feel right giving my opinion when her brother and her are still in the picture. As committed as I am to my wife, I don't think I have a right to opine until we get there and I'm still in the picture.
BiL and I get along great and I don't foresee any problems when it comes to working that all out, but I don't like to get involved right now.
I knew months before grandpa passed that I would be his Executor, basically I knew what the will said as well. I took care of him for the last 5 years of his life. prepared his meals, paid his bills, the wife and I cleaned his house and did his yard work, he wasn't capable and my aunts weren't willing (my mother and father helped as much as they could but I'm retired while they still work I know crazy right? LOL) so I did the bulk of it, and was happy to do so because I loved and admired that man.
Anway, I didn't foresee any problems with my aunts and their husbands and kids either, but god damned were their problems. I literally had to tell my cousins they could not be taking stuff out of the house the day of the funeral. They were prepared to strip the place bare. Grandpa had an old 1971 Chevy p/u nothing fancy was in pretty poor shape, that truck was promised to me when I turned 16. I just love the old truck, it's the same age as me and my grandpa bought it brand new, I learned to drive on that old truck. It always set in his garage with the key in the ignition. Yep you guessed it, caught a cousin trying to drive off in it same day as funeral "oh I just wanted to see how it drives" .
Point is, family gets greedy when it comes to these things.
Posted on 9/7/17 at 9:47 am to WiredBobcat
I disowned my own mother for not keeping her mouth shut in regards to my personal life and things that don't concern her. If dude cant legally cause any issues with the sale, tell them both to go pound sand. grow a pair.
if you must be subtle, talk to him first privately, and let him know the next time she inserts herself you wont hold your tongue about it.
if you must be subtle, talk to him first privately, and let him know the next time she inserts herself you wont hold your tongue about it.
This post was edited on 9/7/17 at 9:49 am
Posted on 9/7/17 at 9:50 am to WiredBobcat
quote:
Do y'all think it is a good idea for spouses to be involved in succession?
No. The wife inherited some real estate property. I've already told her and her siblings that if the wife goes first then I will give the land to them because it's been in their family for four generations. I don't want to be the a-hole brother-in-law that upsets that apple cart.
Now if the wife decides to sell and she passes before me, I'm keeping the money.
Page 3 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News