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Started By
Message
re: Splitting inheiritance/death settlement for my daddy
Posted on 8/11/15 at 7:41 am to stout
Posted on 8/11/15 at 7:41 am to stout
quote:
Also, how will they ever find the school in the middle of 100 acres?
When they learn geography, they will take huge expeditions across the vast lands they own to learn of all the different areas that fall within their kingdom. There is no reason to learn of that which is beyond "THE 100 Acres".
Alright, I think I'm done being an a-hole for the day.
4
Posted on 8/11/15 at 7:45 am to KG6
Posted on 8/11/15 at 7:47 am to KG6
I love how, when enumerating their "holdings", she didn't leave out tractors, 4-wheelers, and sheds. Did she just list every asset she has?
then from the electricity bill thread:
We shouldn't be too tough. Maybe the land is historic.
quote:
2 houses, 2 shops, sheds, barns, 4 pastures
then from the electricity bill thread:
quote:
But that includes elec for our whole property
2 houses
2 shops and
2 sheds on the property,
to run our well,
for 2 large street light in our yard,
to run the cattle troughs, etc.
We shouldn't be too tough. Maybe the land is historic.
This post was edited on 8/11/15 at 7:54 am
Posted on 8/11/15 at 7:50 am to Spirit of Dunson
quote:
she didn't leave out tractors, 4-wheelers, and sheds. Did she just lise every asset she has?
Depreciating ones at that.
Posted on 8/11/15 at 7:56 am to gingerkittie
Mesothelioma is a very rare cancer caused by inhalation of asbestos. It is 100% fatal usually within 12-18 months although may be much faster. It's an awful disease that can be caused by very very low levels of inhalation.
Not trying to beat on you but he did not have lung cancer caused by mesothelioma.
Not trying to beat on you but he did not have lung cancer caused by mesothelioma.
Posted on 8/11/15 at 8:01 am to Rouge
quote:
are going to say that total amount is $1,000,000
We are also going to assumed that Wife 3 and 2 minor kids received $300,000 prior to the death of your father.
split evenly amongst 6 blood children, so $166,666.67 per kid. However, two minor kids already got $100,000 prior to death, so that comes out of their share.
Youngest 2 get $66,667
Older 4 get $216,667
You are looking at this wrong and the youngest two get screwed this way. I agree with the even split of the 1 million where each of the 6 get 166.66k and take 100k away from each of the youngest, but you should split that 200k 6 ways so the fair split would be:
Youngest two: $100k ea
Older four: $200k ea
This post was edited on 8/11/15 at 8:01 am
Posted on 8/11/15 at 8:01 am to UHTiger
From what we have been told about my dad is your chances of getting lung cancer if you smoke are like 20-30% but that chance goes up to 80% or something if you smoke and are around asbestos which is why people with lung cancer get money from the fund they have set up.
Posted on 8/11/15 at 8:05 am to gingerkittie
quote:
The case is settled, the money is there, just waiting. We just have to come to an agreement in how to split it. There are less costs involved as I did the paperwork, looked up witnesses, gather med records, etc.
Because of this, the layer took less of percentage and offered me a position helping him research cases on certain cases doe colleagues that is not involved in
The money is sitting there gaining interest. The lawyers duties are pretty much ever except turning over the money.
For the love of God, this thread makes my head hurt. Based on the facts you provided, the settlement proceeds are an asset of the estate and should be treated as such. I don't understand why your attorney thinks the proceeds should be categorized as anything other than an estate asset unless you left out some facts.
ETA:
that you paid an attorney a percentage for this case and made you do the work. Should have went to a T&E attorney. A T&E attorney could have wrapped this up in a couple of weeks for under $2,000.This post was edited on 8/11/15 at 8:15 am
Posted on 8/11/15 at 8:15 am to KG6
quote:
Alright, I think I'm done being an a-hole for the day.
Why? It's not even 8 AM yet
Posted on 8/11/15 at 8:36 am to yellowfin
TIL that building any old shed on your property is an immediate asset and significantly raises the value of your land 10X what said shed costs to build.
Posted on 8/11/15 at 8:38 am to gingerkittie
quote:
There was a will, written up by her, witnessed by her (she is a notary, and witnessed by her family and friends as dad was in hospice, looped up on drugs. Highly unethical but we did not fight it. We are not money hungry, we just want a fair settlement for this death benefit for the siblings.
She cannot by law be a witness and a legatee to a will. At the very least, she should be reported to the notary board- I would have definitely sued to get the will thrown out, though.
Posted on 8/11/15 at 8:49 am to gingerkittie
I think this story would be much more fun if instead of the names A,B,C,D,E,F and G you used names like Pooh, Piglet, Tigger, Owl, Rabbit, Kanga and Roo. Instead of the phrase, "family land" we can call it the "Hundred Acre Woods."
Posted on 8/11/15 at 9:03 am to chryso
quote:
Instead of the phrase, "family land" we can call it the "Hundred Acre Woods."
Posted on 8/11/15 at 9:12 am to CptBengal
I hate hearing about white trash haggling about their dead parents assets. Who gets off on how much they can get from another person, especially family, fricking dying. You suck at life and so does your weirdo family. However, you came to the right place to get the most reasonable answers in the world. 
FYI, when my parents died, I set up scholarships in my son's names at their high school. When my sister died, I did the same at her school.
FYI, when my parents died, I set up scholarships in my son's names at their high school. When my sister died, I did the same at her school.
Posted on 8/11/15 at 9:25 am to MSTiger33
quote:Negative. She and her attorney are correct if these are indeed wrongful death settlement funds.
For the love of God, this thread makes my head hurt. Based on the facts you provided, the settlement proceeds are an asset of the estate and should be treated as such. I don't understand why your attorney thinks the proceeds should be categorized as anything other than an estate asset unless you left out some facts.
Everyone talking about a will is wrong. Wrongful death proceeds do not belong to the decedent, and cannot be bequeathed in his will because they don't belong to him (as opposed to survival action proceeds, which do belong to him and are passed thru his estate). Wrongful death is an action specifically to compensate someone for the loss of a loved one - it belongs to the person who lost someone, not the decedent.
A judgment could award different amounts to all family members based on a number of factors, usually regarding how close that individual was with the loved one. But if it lumped together in a settlement, then her attorney is correct - the family needs to decide how to split it up. If they can't agree, they can file a petition to have the Court decide, but this will involve a lot of other lawyers, time, and money - so it would be much easier if the family could decide on their own.
I just saved you all 100+ posts regarding wills and intestate succession - you're all welcome
Posted on 8/11/15 at 10:00 am to NaturalBeam
quote:
Negative. She and her attorney are correct if these are indeed wrongful death settlement funds
You are correct about the distribution of wrongful death benefits. Missed that part in all that jibberish
This post was edited on 8/11/15 at 10:03 am
Posted on 8/11/15 at 10:05 am to gingerkittie
quote:
he was only about 60 when he died
You don't know exactly how old your dad was when he died?
Posted on 8/11/15 at 10:57 am to goatman1419
Tha\\rachiu
quote:
For this exact bull shite I made my Dad promise me to leave me completely out of that shite. Hey let's all cry at our Dads funeral then fight like savages over his shite. Trash just gonna trash.
i agree 100%. I have have opted out of wills because of the crap they create - want no part of it,
Posted on 8/11/15 at 11:11 am to Front9Bandit
quote:
talking to a lawyer and are instead coming to the OT tells me you live in a trailer.
No fricking doubt
Once again Lawyer have a we live in a house.
I came to the O/T for some insight opinions and intttient smd s[foo
Posted on 8/11/15 at 11:17 am to gingerkittie
For someone who claims to have all of this educational background, you can't type for shite
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