4 ms·
This is why it is so important to have a will and other documents (such as advanced directives) in order, and to make family members aware of all the arrangemen
by tomohawk 9y ago
This is why it is so important to have a will and other documents (such as advanced directives) in order, and to make family members aware of all the arrangements.
There are all kinds of sharks in the financial and legal industry that prey on unprepared people.
I and people I know have been screwed by these types, and it always comes down to not having a will. If you don't have a will, you're subjecting those you care for to dealing with these sharks. Don't do that to them.
- user5994461 9y agoYou might have missed the part where the widow and the children couldn't agree on who gets what at any point in the last 10 years. They sued each other and sued the bank instead of splitting the estate. As always, the sharks are in the family. Your descendant would rather have the whole fortune dilapidated than miss a dollar of it.
- FireBeyond 9y agoYeah, my (effective) mother in law had this issue with her father and his (second) wife. He died without a legal will (what he did write was hand written, holes so large you could drive a truck through, and un-witnessed). Though the estate was modest (maybe $400K in home, vehicles, stocks) and could easily have been divided pretty equitably with the second wife (who was pretty recently married to him), the two of them's inability to get along, and always think that the other was plotting against them... lead to long drown out probate court challenges, and in the end they walked away with less than $100K between them, burning the rest in the process.