Death,funerals and in fighting.

DSM Turbos said:
If you have kids and they are grown though, go out broke! I tell my dad this all the time, I don't want any money from you, spend it on yourself. Travel and enjoy life, you earned that money, use it. I hope when you pass that there is $1 left for everybody to split and nothing more. If you have younger kids, planning is a bit more import of course.
Click to expand...
I 100% agree, and I dont "need" a penny from my parents when they go so i hope they live the rest of their retired life to the fullest. The problem is, you never know how long you are going to be on this earth, and if you blow it all when you are 65, it could be a really crappy 30 years living in the poor house until you die.
 
I have three cousins on my mom's side who don't speak to each other. It is very sad. It started years before their father (my uncle) even died. He is to blame for it though because he didn't do a good job of communicating and keeping things even between all three of his kids. His net worth was a life changing amount for his kids.
 
When my parents passed away in 06/08, the <*sarcasm*> vast wealth and estate left behind from a retired postal clerk and contractor salesman was enough to cause a giant ripple in our family. It's a shame that a very small inheritance can be enough to split a family in half.
On the other hand, it strengthens the already tight bonds and reminds you to point people to the nearest vertical rope that is needing urine applied to it.
 
As a Financial advisor I see this potential problem all the time. The best advice is a revocable trust so you can change it if you feel like it or an annuity (poor mans trust) so you are still in control of the $ after death. Oh yeah make sure you file the will or its Lawyerville around the bend. Anything less and there will be problems i assure you.
Personally i told my parents to spend every damn dime and they have invested very well over their life. I expect NOTHING and anything received is a blessing that could never cover the pain of their deaths.
I am sorry that some of you have to deal w the shit yall had to. Take the time to plan out a strategy, file/create the proper ways to hold assets and enjoy life. Pay great people to do that for you NOW or pay a lawyer a whole lot more contesting it down the road.
Makes friends sound a whole lot more enjoyable than family!
 
Franklin said:
Personally i told my parents to spend every damn dime and they have invested very well over their life. I expect NOTHING and anything received is a blessing that could never cover the pain of their deaths.
Click to expand...
:clap: QFT
 
Franklin said:
As a Financial advisor I see this potential problem all the time. The best advice is a revocable trust so you can change it if you feel like it or an annuity (poor mans trust) so you are still in control of the $ after death. Oh yeah make sure you file the will or its Lawyerville around the bend. Anything less and there will be problems i assure you.
Personally i told my parents to spend every damn dime and they have invested very well over their life. I expect NOTHING and anything received is a blessing that could never cover the pain of their deaths.
I am sorry that some of you have to deal w the shit yall had to. Take the time to plan out a strategy, file/create the proper ways to hold assets and enjoy life. Pay great people to do that for you NOW or pay a lawyer a whole lot more contesting it down the road.
Makes friends sound a whole lot more enjoyable than family!
Click to expand...


And if I learned anything from what we recently had to deal with from my dad's estate when he passed is to make your wishes known in plain English in the will and/or trust. Don't leave it up to the trustee to "guess what you meant". If you don't want someone to have your money, SAY SO. If you want to be a prick and hold back interest, or whatever from your kids' inheritance, SAY SO. That's not a time for vague statements that the trustee has to interpret and then the trustee becomes the bad guy. Be the bad guy, because you're dead. Don't leave that problem to the living.
 
Last edited:
ManglerYJ said:
Be the bad guy, because you're dead.
Click to expand...
Just generally good advise to live by :D

I plan to do my part by leaving a generous endowment to keep NC4x4 going for free, but only paid if there is a monthly meeting where everybody must say something good about Democrats.
 
Last edited:
RatLabGuy said:
Just generally goof advise to live by :D

I plan to do my part by leaving a generous endowment to keep NC4x4 going for free, but only paid if there is a monthly meeting where everybody must say something good about Democrats.
Click to expand...


Not sure if you meant goof or good, but I agree either way.
 
My experiences are everyone expects something and then the will determines if they were right or not. Most times they were wrong and find out how the deceased really felt about said persons. When my moms dad passed my mom and her step sister were to split everything, the step sister thought she should get more because she was older (not her father) well the will said other wise. I was told I had to wait and see what the will said about the guns (it said nothing) so my moms sister decided I didn’t deserve them and did whatever with them. I’m the only 1 that hunts in the family so my mom was pretty pissed and feels my grandfather would be as well. After lawyers and blah blah blah my mom got what she feels she deserved (half of everything) and her sister (stopped all communication with what’s left of that family) was pissed with what she got and tried to take more (and did)


In the end lawyers always win
 
A while back I took the stance of that stuff is yours. I have a lot of good memories of loved ones but there's really nothing I can think of that I just have to have. Take your money to the grave for all I care. I'll make my own. Granted I've had help in life but at this point I'm hanging in there and I'm not looking for some huge windfall to carry me. You wanna fight about it? I'll take Jody's approach and tell them to find the nearest dangling rope.
 
Back
Top