Posted by JML755 on March 17, 2015 at 04:52:09 from (97.78.165.179):
In Reply to: Neighbor dies. posted by Geo-TH,In on March 16, 2015 at 14:06:19:
Mike (WA),
Thanks for the free advice which seems very sound. Hope I never have to use the part about disinheritance. :lol:
My 2 experiences with estates:
Dad remarried after Mom died at 57. She was a gold-digger sort and he actually had to go back to work after being retired several years because she was spending his pension as fast as he got it. She took all of Mom & Dad's heirlooms that we expected to be passed down(crystalware, silverware). I think each of us kids got some little token thing. But it didn't really matter to us that much. She even asked the funeral director if they could pull his gold fillings before he was cremated. :roll:
My elderly aunt passed at 90, had never married but was VERY close to me and my 5 siblings. Sister and I were co-executors, but I took care of selling all the stocks/bonds and distributing her estate per her wishes. It was pretty equal but there were some dedications of specific insurance policies or funds to certain people who could use the money more than others. No one questioned anything, trusting that I would do the right thing. Took well over a year to get it all settled and a fair amount of work (especially since a number of the stocks were blue-chips that had been split up over the years so figuring cost-basis was time consuming) but when I gave out the final checks, no one even looked at the financial breakdown of the estate. Just said thanks for taking care of it. :D
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