Will You Inherit? Will you leave an estate?

[PRICEPLUS]

Re: Will You Inherit? Will you leave an estate?

I will inherit nothing and quite frankly I don't care to inherit. I will leave my daughter some money and other items. Nothing spectacular here.

[markio26]

Re: Will You Inherit? Will you leave an estate?

I Recently Had A Birthday, And From Talking To My Siblings.. I Am The Only One That Still Has The Entire Amount Of Money, I Inherited... They Are Burning Thru Theirs Helping Their Kids Out Financially And On Vacations, New Vehicles...

[baselle]

Re: Will You Inherit? Will you leave an estate?

Last July my dad died and I'm the process of inheriting from mom, dad, and grandpa. Quite a bit of my blog is about that if you'd like to take a peek. I plan to take care of my money well (so far I've only blown it on IRAs, CDs (the money kind), and T-bills), pay off a few family debts my dad incurred, and leave a small estate to a well-researched charity.

One thing I have learned is that if you have crappy money management skills, you're going to have crappy inheritance management skills.

[jessicasue4321]

Re: Will You Inherit? Will you leave an estate?

i will be inheriting from my grandparents[more than likely from no other person in my family] that just past away 2 yrs ago and last may..5% of there estate.it will be a good chunk of money to me anyway's.so i need some link's to read on the taxes and other things that incur during this prosse's.if you could help out

[shelbylovesmelby]

Re: Will You Inherit? Will you leave an estate?

I will inherit quite a bit once my family starts dying off. Though like most I could use the inheritance now. Not to squander, but I'd like to get a bigger house & a paid off one @ that & see how things are when the time comes as to the rest of it if there is anything left.

[neatdesign]

Re: Will You Inherit? Will you leave an estate?

I think my Dad's reservation on leaving an inheritance stems from all of the family feuds he's seen as an attorney. Where money divides the family.

It's amazing what money can do to someone. Especially when they don't have to work for it.

Sadly, I can relate to this. I remember growing up reading about people who squabbled over wills and could never understand it. Now I've had a front-row seat to this kind of feud for a third of my lifetime, with no end in sight.

My maternal grandparents both lived very long, productive lives. They had four daughters: The oldest died in 1980 of cancer; the other three are still living, my mother being the youngest. My grandfather died in 1996 at age 88, while my grandmother (who suffered from senile dementia for the last decade) just died last year at age 96. Survivors of the Depression, they were misers, pinched every penny, hid their money away and managed to amass a great fortune.

To make a VERY long and VERY complicated story short, the oldest daughter has been filing lawsuit after lawsuit against the middle daughter and my mother (the youngest) about stuff to do with their parents' estate... FOR 10 YEARS. The most recent lawsuit was filed just 3 HOURS after notification of my grandmother's death. She couldn't even wait until after the funeral. And no, I'm not kidding.

My mother has suffered emotionally and even physically because of this, not to mention financially. She has drained nearly all her savings to pay attorney fees, etc. What should have been enjoyable and relaxing years of early retirement have been wasted away on the phone and meeting with attorneys and writing out affidavits and other such nonsense. The stress it has caused her is enormous and constant. The worst part is that there is nothing I can do about it.

(It's even worse for my aunt (the middle daughter): She's suffered so badly psychologically that she's been hospitalized and has attempted suicide at least once, that we know of. )

Ultimately, the goal of the oldest daughter is to get as much money from my grandparents' estate as possible for herself and her own children/grandchildren. The irony of all this is that by suing her two sisters, she is actually draining money out of her parents' estate -- or what's left of it, anyway. This is because she's suing them over the way they acted as power of attorneys and executors of my grandparents' estates, and so the estate covers some of the legal fees. So her actions mean that, even if she "wins" there will be less there for her to receive anyway. It's so, so stupid.

It is a thought process I have a very hard time understanding. And not just because what my aunt is doing is mean-spirited and hateful. It's because, for as long as I can remember, I've always held the fundamental belief that I was not entitled to anyone else's money or possessions. What my parents or grandparents have, they have because they worked hard and saved for it. If they want to share any of it with me, great -- but I don't expect it. Especially now.

I honestly don't wish this sort of thing on anyone. What makes me sad is to think that if this sort of drama can happen in my little ho-hum family, then it can happen to anyone. Greed is evil.

~ Jenney

[Countrygal]

Re: Will You Inherit? Will you leave an estate?

My mother is still alive,but she tells us all about her Will..she placed the deed of her house in my,and my two brothers names already and told us approx how much we will inherit from her estate.My mom also prepaid her funeral and burial plot,so that we dont have to pay for it.She said she just wants to make it as easy as possible for us kids,when she passes

I will have an estate to leave to my kids as well,,investments my husband and I have made etc...it wont be alot,but it will be something.