Posted by Just Another Old Geezer on April 19, 2013 at 07:40:31 from (216.105.208.2):
This is just to see if we did the "normal" thing or not. For many years we have been taking dad at least once a month to visit his cousins, G and E, about 90 miles away. Two years ago E passed away. We have been continuing to take dad to see G regularly. They had always told my brother and I that they considered us the children they never had. He lived at home alone, but got care delivered in from the County. One day, G told us that he had an appointment with an attorney we needed to take him to. At the attorney he signed a transfer on death title to his house to my brother and I. He passed away last January. At the meeting with the attorney it was discovered he had a will that was 20 years old. The will left everything, divided equally, between the church, a family friend named Larry, and two of E"s nieces. The nieces have since passed away. And the limited assets he had other than the house, were taken by the state for recovery of the cost of his care. However someone in the state goofed and failed to put a lien on the house. The house was transferred to my brother and I debt free. The transfer on death title moved the house outside of his estate, and was not subjected to the will. At the meeting the attorney he suggested making the house a four-way split. Between myself and my brother, the church, and Larry. We could also simply allow the state to remove everything of value from the house, take possession of it and sell it and split the profits between myself and my brother. The choice comes down to about 17,500 for the four-way split, about 35,000 split between myself and my brother. Now the question, which choice would you have taken?
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