OT:Inheritance, freind getting shafted by bro/sis., how to ensure it's fair split?? |
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OT:Inheritance, freind getting shafted by bro/sis., how to ensure it's fair split?? |
Mueller |
Feb 3 2006, 04:47 PM
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#1
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914 Freak! Group: Members Posts: 17,150 Joined: 4-January 03 From: Antioch, CA Member No.: 87 Region Association: None |
Got a close family member that lost his parents not too long ago (old age, lived a great life)
His brother has taken over as the excective of state (correct term???), he has a few sisters(4) as well.... Problem is is that the brother and 2 sisters are gaining access to the bank accounts, the property and no one but them is really knowing how much and where the money is going (in thier damn greedy hands) Parents net value supposed to be in the low 7 digit area, the brother and sisters have for years sucked money from thier parents and had them buy homes for them in the LA area, my friend works his @ss off and never asked for money from his parents... The reason I'm pissed off is that my friend works 2 jobs to make ends meet, is getting up there in age (55) and won't put up a fight to get what should be fairly coming to him. The Will is being read this weekend, but we have a feeling he'll get just a "token" amount in the $50K range when his other siblings will be walking away with close to a million or so when all the property is sold off and the multiple bank accounts have been cleared out. We know the Will mentions a specific bank account for each sibling, the issue is is that the mother had multiple accounts for herself that keep popping up yet no mention of what to do with the funds...so, good old brother and sister will be keeping it for sure.... He won't put up a fight and it just irks us to no end seeing his own brothers and sisters screwing him over (IMG:http://www.914world.com/bbs2/html/emoticons/headbang.gif) This is in California if that makes a difference on whether or not we can make waves on his behalf..... |
riverman |
Feb 3 2006, 05:32 PM
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#2
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Learn As I Go Group: Members Posts: 449 Joined: 18-January 05 From: Kitchener, ON Member No.: 3,466 |
A will is a legal document and the executor is only responsible to ensure that the decisions made in the will are carried out. If the deceased wants the kids to split the money equally, then that will happen - regardless of what the executor wishes. If the deceased only wants to give your friend a token amount, then that is what will happen as well. Assets not mentioned in the will should go into testate, and most juristictions have laws that govern how these are divided. Testate tends to divide assets equally if there are siblings involved. If your friend feels like he is getting shafted, then he should get a lawyer and contest the will.
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