My solution to a similar situation...forgive and move on. Life is too short.
Lying, Thieving, Cheating by Annuity Trustee
- Thread starter Bekeart
- Start date
A will states what I would like to have happen. They are contestable. A trust on the other hand is irrevocable at death. Therefore the wishes of the deceased person will/should be carried out by the trustee.
No one will screw you over faster than family. My brother and sister who had POA of my mothers finances and live in Colorado while my mother lived in Michigan stole over $500,000 from her before she died.
No one will screw you over faster than family. My brother and sister who had POA of my mothers finances and live in Colorado while my mother lived in Michigan stole over $500,000 from her before she died.
I saw a bad side of my sister and one of her daughters when I administered Dad's trust. My brother on the other hand, was understanding and appreciative of the effort it took. Same gene pool, vastly different attitudes. The good thing is that sis and I have buried the hatchet and put all of the drama behind us.
fatcat3
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I want the kids to fight like cats and dogs. pulled hair, teeth knocked out broken bones. Serves them right for all the worry and trouble they caused.
Okay that's a fantasy, It's all spelled out, but that don't stop me from enjoying the fantasy.
Okay that's a fantasy, It's all spelled out, but that don't stop me from enjoying the fantasy.
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It's not enough money to sue over, legal fees will eat it up. Google Lawyer says you can file a complaint with the Kentucky Dept. of Insurance. Call them.
A friend of mine had a genius stipulation in his will that involved a number of children. Anyone that disputed the will would receive nothing, with no right to challenge.
It reminds me of a friend of mine that is a grandfather who always picks up the tab when the family goes out to dinner, anymore no paltry sum. One evening he announced to the family once they were seated that as usual grandpa would be picking up the check with one condition, anyone that uses their cell phone during dinner unless it is an absolute emergency would get the check.
It reminds me of a friend of mine that is a grandfather who always picks up the tab when the family goes out to dinner, anymore no paltry sum. One evening he announced to the family once they were seated that as usual grandpa would be picking up the check with one condition, anyone that uses their cell phone during dinner unless it is an absolute emergency would get the check.
My mother was a truly evil woman. There, I said it out loud.
When Dad passed away, I went to the probate with my mother and it seemed she got everything, money, house, the car. My father had told me once that he had a policy from work insurance set aside for me alone. I was told there was no policy in my name.
A decade later, after Mom died, I found a cashed policy in a storage box with my name on it, and seemingly my signature. I never signed it. The signature was forged. It was for $10,000, which then was a lot more money than today.
When Dad passed away, I went to the probate with my mother and it seemed she got everything, money, house, the car. My father had told me once that he had a policy from work insurance set aside for me alone. I was told there was no policy in my name.
A decade later, after Mom died, I found a cashed policy in a storage box with my name on it, and seemingly my signature. I never signed it. The signature was forged. It was for $10,000, which then was a lot more money than today.
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We had an uncle and cousin steal over a million from our family, his sister, brother and niece and nephews. His son took over and stole most of it but karma gets you sooner than later. His son( our cousin) was showing off on a 4 wheeler, lost it and bashed his head on a rock. All he could do was stare and drool. He lasted a few years and died from a stroke. Since my wife has gone to heaven our 2 kids and 4 Grandkids are set pretty good. Thank God for good lawyers.
My In Laws died with a fair amount of debt . My wife was the executor of their Wills . She did a pretty good job of negotiating with the debtors even though she had never done anything like that before . She offered to settle for a fraction of what was owed to each and when they balked she told them to get in line and roll the dice . All of them settled or walked away . She made sure she had documentation of their agreement . In the end , the kids were able to inherit a little bit . Her ungrateful sister and brother did nothing to help her though .
Capt29
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Being of sound mind, I spent most of my money on booze and loose women after my wife died. The rest I just wasted, sorry kids.
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When my wife passed All the “ girls” got together and I gave them all my wife's jewelry to divide. There were a few pieces my wife had told who got what. No arguing just divided all of it, around $100K worth. When I’m gone the “ boys”( son and grandsons) will divide my gun collection peaceably. Thank God they were all raised right.
BLACKHAWKNJ
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"if you want to measure a man's character, share an inheritance with him." Ben Franklin
One young woman I knew, was the beneficiary of a trust fund set up by her grandfather, that was the subject of endless disputes and family wrangles with her mother and work shy stepfather. They received a letter from a lawyer with her mother's rare last name-he was the trustee, the girl's grandfather and his grandfather were cousins. She said he made it clear that the girl was the sole beneficiary and any decisions about the money would be made by him as trustee and her when she reached legal age.
In fairness, I've know plenty of people who felt they were cheated and shortchanged by mean and stingy parents and see an estate as an entitlement.
One young woman I knew, was the beneficiary of a trust fund set up by her grandfather, that was the subject of endless disputes and family wrangles with her mother and work shy stepfather. They received a letter from a lawyer with her mother's rare last name-he was the trustee, the girl's grandfather and his grandfather were cousins. She said he made it clear that the girl was the sole beneficiary and any decisions about the money would be made by him as trustee and her when she reached legal age.
In fairness, I've know plenty of people who felt they were cheated and shortchanged by mean and stingy parents and see an estate as an entitlement.
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Every time this subject comes up I'm reminded of my poor mother-in-law's estate (which came down to a dilapidated house which STILL hasn't been liquidated 10 years later) due to family squabbles about the "value" of the property. Insane! My wife and I have a will which needs to be updated....got to get on the ball with that!
All this makes me think of the case of Jennens v Jennens. It was immortalized (as Jardyce v Jardyce) in the Charles Dickens novel, "Bleak House." A novel that I think everyone should read, most especially anyone considering filing a lawsuit.
In essence, Jennens v Jennens was a dispute over an inheritance. It went to court, and the court cases (there were several over the years) went on for more than 100 years. Yes, you read that right. It dragged on in the courts for more than 100 years! In the end, the suits were all dropped because there was no longer any inheritance to be had. The entire estate had been eaten up by legal fees! Every last penny!
The only winners were the lawyers.
There's a lesson there for those who get greedy over an inheritance. But, of course, those who most need the lesson are those least likely to see it.
In essence, Jennens v Jennens was a dispute over an inheritance. It went to court, and the court cases (there were several over the years) went on for more than 100 years. Yes, you read that right. It dragged on in the courts for more than 100 years! In the end, the suits were all dropped because there was no longer any inheritance to be had. The entire estate had been eaten up by legal fees! Every last penny!
The only winners were the lawyers.
There's a lesson there for those who get greedy over an inheritance. But, of course, those who most need the lesson are those least likely to see it.
