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Posted on 2/26/25 at 6:28 pm to el Gaucho
quote:
accent thing
Accent acute.
My name is Andrée. It is showing up here!
Posted on 2/26/25 at 6:32 pm to Kingpenm3
I have no kids. Siblings are older than me so hopefully they die first.
Would very much not like it if the nieces got their hands on my estate but the nephews and great nephews? Might be okay.
However, I will be dead so I won't care.
Would very much not like it if the nieces got their hands on my estate but the nephews and great nephews? Might be okay.
However, I will be dead so I won't care.
Posted on 2/26/25 at 6:38 pm to auwaterfowler
quote:awww, you can’t buy your sister that wedding ring because of mean ol teedy
Teedy gets it?
Posted on 2/26/25 at 6:39 pm to ProjectP2294
quote:
something usufruct
Can you tone down the language please?
Posted on 2/26/25 at 6:39 pm to Red Stick Tigress
quote:
Would very much not like it if the nieces got their hands on my estate but the nephews and great nephews? Might be okay.
However, I will be dead so I won't care.
Make a will.
NOW
Posted on 2/26/25 at 6:42 pm to BigLSUNut
quote:
Make a will
Working on it. My great nephews will likely be my beneficiaries if there is any $ left. I am waiting on input from their father for things like trust fund until they reach a certain age...
Posted on 2/26/25 at 6:51 pm to Kingpenm3
State gets it I am told. That is why I did my will.
Posted on 2/26/25 at 7:19 pm to ExtraGravy
quote:
Eventually the state gets it, but I have no idea how that process works or how they determine a person doesn't have heirs.
There are services out there that search apparently.
I just got contacted by a lawyer for some distant relative (great grandma's niece, whatever that is to me) in MN who had no immediate family or will so her estate is now being distributed to all the family this company found. So by the time the lawyers run through it they said everyone gets like $100!
This post was edited on 2/26/25 at 7:21 pm
Posted on 2/26/25 at 7:21 pm to Red Stick Tigress
quote:
I am waiting on input from their father for things like trust fund until they reach a certain age...
Just give it to them when you kick unless we're talking really big money. If you leave it to a trust for their eventual benefit, someone has to be trustee and manage the trust, and that someone (if a bank or trust company) will likely charge fees and expenses during the years it awaits distribution. If an individual relative is willing to be trustee, they may charge less or even zero, but it will be a PITA for them, opening accounts, filing tax returns, etc. until it pays out.
People often want some elaborate trust full of conditions (if he graduates college, then this; if he marries a Catholic, then that); half at 25 and the rest at 35, etc.). It's not worth all the hassle and expense unless you have a serious pile of dough at death.
Posted on 2/26/25 at 7:39 pm to Twenty 49
The kids' parents can manage the trust if they want to go that route.
If I die tomorrow a 12 y.o. and a 10 y.o. shouldn't get $.
If I die tomorrow a 12 y.o. and a 10 y.o. shouldn't get $.
Posted on 2/26/25 at 7:41 pm to Kingpenm3
Start paying the taxes on it and claim it
Posted on 2/26/25 at 7:43 pm to Kingpenm3
Goes to the state?
Posted on 2/26/25 at 8:11 pm to Kingpenm3
Intestate succession
Posted on 2/26/25 at 8:17 pm to ExtraGravy
quote:
Here's a crazy story from New York state years ago- a guy died with a $40 million fortune and had no heirs. What they eventually did with it, I dunno. LINK
Found a pizzeria owner in New Hampshire who was a distant relative. Paparazzi harassed the guy so he went off the grid and donated it all to the UNCF.
Posted on 2/27/25 at 8:00 am to I Like Cheeze
quote:
I'm available for that position
I have a son, we're all good.
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