So his income is somewhere in the $2000-3000/ month range probably with sociall security and his Royalties?

Honestly, and I don't blame you, I think you are just over thinking it. If you don't want the house and just want to sell it for a profit, I wouldn't worry at this point. I'd just let your dad be happy and live his life. At this point I don't think it's worth worrying about an inheritance. I don't think there's enough equity to worry about your dad screwing something up by taking out another loan, I mean you are talking about somewhere around $20-50k each in inheritance right? I would just let him live, but again make sure there's enough savings to pay for his funeral, burial, and lawyers for closing out his estate.

I'd definitely make sure he has a will squared away to make all of that as easy time wise and financially as possible.

This post was edited on 3/24/17 at 8:19 am

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Posted by GaryMyMan

Shreveport

Member since May 2007

13498 posts

Posted on 3/24/17 at 8:57 am to baldona

quote:
So his income is somewhere in the $2000-3000/ month range probably with sociall security and his Royalties?

Very accurate at current production.

quote:
I think you are just over thinking it.

Definitely am. My siblings are across the country and getting them to contribute to the life insurance has been like herding cats... who don't want to pay their bills.

quote:
I'd definitely make sure he has a will squared away

He does have that at least. Only other assets are household things that I don't want.

Recording his succession in the dozens of counties/parishes where he has mineral interests is going to be far more expensive than the funeral.

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