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Started By
Message
re: How Many of You Have Inherited Significant Assets?
Posted on 5/27/26 at 11:43 pm to RanchoLaPuerto
Posted on 5/27/26 at 11:43 pm to RanchoLaPuerto
quote:
I’m on a balcony on the Côte d’Azur overlooking the Med and sipping a beautiful Chablis that room service brought up.
You sound like a very lucky woman.
2
Posted on 5/27/26 at 11:51 pm to RanchoLaPuerto
I have not and likely will not.
Posted on 5/28/26 at 12:08 am to RanchoLaPuerto
My three siblings and I will haggle over what to do with my mom’s house and another 10 acres of undeveloped land in another location. Our family dynamic is seriously messed up. Lots of hard feelings and bad blood. It could get ugly.
My mom is 90 and won’t write a will or make any arrangements for after her death. It’s a phobia for her. Her estate will be less than $500,000, split between four heirs.
My mom is 90 and won’t write a will or make any arrangements for after her death. It’s a phobia for her. Her estate will be less than $500,000, split between four heirs.
Posted on 5/28/26 at 12:11 am to LSUFanHouston
Luckily still have one parent and one in law alive. Both are almost 90 years old. Not a lot there, although both families were hard workers who were careful with their money and have assets. My hope is that they can live out their lives comfortably on what they've earned.
Had an uncle who lived in Dolton Illinois back when it was a respectable suitcase town. Saw him once a year when they would drive down to visit in the summer. They joked that they came down to eat real watermelons and good fried catfish. He had two daughters who moved out west and embraced the liberal lifestyle. When he got older and quit hunting, he drove down from Illinois and gave me all of his guns. That was 30 years ago, and to this day I'm still thankful and somewhat shocked at his generosity.
Had an uncle who lived in Dolton Illinois back when it was a respectable suitcase town. Saw him once a year when they would drive down to visit in the summer. They joked that they came down to eat real watermelons and good fried catfish. He had two daughters who moved out west and embraced the liberal lifestyle. When he got older and quit hunting, he drove down from Illinois and gave me all of his guns. That was 30 years ago, and to this day I'm still thankful and somewhat shocked at his generosity.
Posted on 5/28/26 at 12:28 am to RanchoLaPuerto
Yes. I’m now being audited by the IRS
Posted on 5/28/26 at 1:30 am to RanchoLaPuerto
I have not and will not. Must be nice tho.
Posted on 5/28/26 at 1:46 am to RanchoLaPuerto
To be very honest, I am too young to have inherited anything yet. I also feel blessed for that in some ways.
Posted on 5/28/26 at 1:59 am to geauxbrown
quote:
Yes. I’m now being audited by the IRS
The only thing I want to hear from the IRS is “thank you.”
Posted on 5/28/26 at 2:00 am to TigerIron
quote:
You sound like a very lucky woman.
Guess you already know what you sound like.
Posted on 5/28/26 at 6:26 am to TigerIron
quote:
I’m on a balcony on the Côte d’Azur overlooking the Med and sipping a beautiful Chablis that room service brought up.
For you nimrods that don't know, the Cote d'Azur is a house on the Ouachita River, just north of Monroe. You can see the "Med", our local fitness club from there. Chablis is a light purple drink. Like a weak kool-aid. You are welcome.
Posted on 5/28/26 at 6:32 am to soccerfüt
My fault, John Quincy Adams.
Posted on 5/28/26 at 6:36 am to jeffsdad
if both remaining mothers died today, and after the houses were sold off, we'd be looking at between 2-3 mil cash and assets
Posted on 5/28/26 at 7:23 am to RanchoLaPuerto
Didn't directly...but my mother passed last Spring, and left the proceeds from the house (along with her retirement account) in a trust for the grandkids college fund.
That's around $600,000 split among 4 kids, all college aged. She was a younger member of the Silent Generation (born in '41).
That's around $600,000 split among 4 kids, all college aged. She was a younger member of the Silent Generation (born in '41).
Posted on 5/28/26 at 7:28 am to danilo
quote:my expectation is simple…have your shite together enough so that you do not become a financial burden on me. I’m confident that’s the case so my inheritance will be peace of mind and the opportunity to love them until the end without reservation or resentment…besides, I’m 60 and my parents are 80, they might outlive me
Never expected anything to begin with
The greatest gift you can give your children is to take care of your own situation and let them take care of theirs
Posted on 5/28/26 at 9:09 am to jeffsdad
quote:
Chablis is a light purple drink
purple drank!!
Posted on 5/28/26 at 9:20 am to TDsngumbo
quote:
one day the market went up a lot and in that single day, my father in law told me his balance increased by $200,000
When people say thing like, "damn, the market had a bad day. I lost 200k in value". I can't help but immediately start doing the math in my head as to what -1.7% of X is 200k.
Posted on 5/28/26 at 9:48 am to Red Stick Tigress
no Alabama. she is a massive Narcissist, and the manipulated me into agreeing with her (which was definitely my mistake). after all the shite she put my wife and I through, especially after we allowed her to love in with us (for which she offered no financial help in any form), her eventually moving out and turning the rest of our family against us, I honestly do not care if i ever see a cent of it - no contact has been a very good thing.
we even talked to her to outline what was going on, and she disregarded it and tried to gaslight us into believing it was us that was the issue.
we even talked to her to outline what was going on, and she disregarded it and tried to gaslight us into believing it was us that was the issue.
Posted on 5/28/26 at 9:54 am to KingOfTheWorld
quote:
My three siblings and I will haggle over what to do with my mom’s house and another 10 acres of undeveloped land in another location. Our family dynamic is seriously messed up. Lots of hard feelings and bad blood. It could get ugly.
I'm right there with you. When my folks pass it'll likely be an ugly chapter since my sister and I have next to no relationship and maybe talk to each other once every couple of years. When we do talk it usually turns into a mess with her slinging insults about my wife and kids, which is fun. My oldest kid is 12 and they have met her maybe 5 or 6 times. So, it's always great to hear her go off about them as if she knows them at all, my youngest doesn't even remember her name. I've intentionally kept as much distance as I could over the years, but that's somewhat fueled the flames as well. Not being involved with her family etc.
My mom and dad are insisting on leaving an inheritance, while I wish they'd just make life easy and spend it all. That said, my folks have hit the part of life where trips and big expenses are more or less over with. They're mobile, but they have some mild to moderate health issues any big trip would be too much to manage. Between the house and their assets, it'll likely be something around $2-3 million to split up. I'm sure like with anything else with her, it'll turn nasty fast. My folks say they have a thorough will set up and I hope that's true, otherwise it'll be a free for all.
Long way of saying, that it's going to be painful when that times comes and I'd just prefer there be no money or house left to squabble over.
Posted on 5/28/26 at 10:01 am to RolltidePA
quote:
I'm sure like with anything else with her, it'll turn nasty fast. My folks say they have a thorough will set up and I hope that's true, otherwise it'll be a free for all.
Long way of saying, that it's going to be painful when that times comes and I'd just prefer there be no money or house left to squabble over.
there were five of us kids in our family, and my parents had a considerable amount of assets, when my dad begin to get Alzheimer's he asked my oldest sister to shut down his businesses and manage his assets to make sure my mother would always be set and have no stress, when it came down to my mother's last days one of our siblings could smell paydirt and was a real pita, my older sister was the executrix of my mother's will, to avoid any issues and unnecessary contact she hired another lawyer to execute the will, it worked out pretty well, I'd recommend considering that route
Posted on 5/28/26 at 10:19 am to 777Tiger
It does suck when a sibling breaks bad in those situations.
I had one do that, fortunately there wasn’t enough in our parents’ estate to argue over.
The rest of us now know that person for what they are.
We “love” her, but we don’t like her.
(And she’s by far the most churchy of our sibling group….)
I had one do that, fortunately there wasn’t enough in our parents’ estate to argue over.
The rest of us now know that person for what they are.
We “love” her, but we don’t like her.
(And she’s by far the most churchy of our sibling group….)
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