• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

do you know how your parents' wills are setup?

N

nageov3t

Lifer
assuming your parents are still alive 🙁

my mom talks about it like all the time 🙄 it's pretty run of the mill, though... they want everything split down the middle between my sister and I (and if one of us wanted their house, they'd have to buy the other one out, but I don't think either of us wants it... my sister has her own house like 2 blocks away from my parents and if I were to live there, I'd have to completely gut my mom's garden which I don't think I could bring myself to do no matter how much I hate it).

when we were kids, the custody stuff used to be interesting... custody was awarded to my mom's best friend over any other family members (re: my dad's billion siblings or my mom's brother)

I kinda wonder if they're so obsessive about it because they got screwed when my grandfather died... when I was in grade school, my parents sold their house in Portland, OR and moved to NJ to take care of my maternal grandfather who'd been diagnosed with lung cancer. my grandfather lived in a 2-family house and told my parents that they could live there rent-free for 10 years (basically so that my sister and I could stay in the same school district until we graduated high school). none of this was in writing, though, and after my grandfather died a year after we moved, my mom's 2 siblings pressured her into selling the house even though we pretty much had nowhere else to go.
 
I have a pretty good feeling my mom's will completely disregards my sister, but that's just a theory 😉

Other than that, none of my business really.
 
I've seen my mum's will (even put in a request for some stuff), know the basics of my grandmother's will (the one remaining), and I'm sure my dad has mentioned his will but I can't recall what he said.

That said, I can't remember most of the contents of said wills, but I have been told at least generally what they say.
 
Nope, dunno. Used to know the custody part when my sister and I were kids, but that's not relevant anymore, and I don't know about the rest of it. Presumably everything would get split evenly between my sister and me, assuming my grandparents had passed first. If any of my grandparents were still alive there's probably a provision to keep taking care of them. That's all just guessing though, they never told me about any of it other than the custody thing. (Custody would have gone to parents' friends over relatives; I think the idea being that our parents would have wanted us to stay in the same town and not have to move off to live with grandparents or aunt/uncles.)
 
Last edited:
Nope, no clue. I am their executor, but they haven't shared the contents with me. I believe they are favouring my sister, but I have no problem with that as she has not been as financially successful as me and could use the help.
 
Yep. I went with them to meet the lawyer because I'll have to manage monies for my handicapped sis.

I like that word: monies.
 
My Dad wouldn't put me on his living will. Said he'd be taking a nap and I'd be pulling plugs. Some people just have trust issues.
 
I don't know exactly, but I believe it would be split evenly between me and my two siblings. I don't think they would have full access to the monies until they graduated college or something, but could get enough of it to pay for their education. Not exactly sure.
 
I don't know much about what my parents have on their will. When I was younger, I'm pretty sure custody was given to my mom's sister. Since I'm an only child, naturally I'd inherit the entire estate. They don't have anything I want though. Judging by our family's longevity, I'll probably be well in my 60s at least when the inevitable happens.
I'll have enough of my own money by then.

As for my grandma, the only think I have claimed is an old vintage tube radio from the 50s. She said I could have it. I don't want her money. I've made that clear. In fact, I wish she'd spend some since her house needs work and she needs to hire someone to cut the grass.
 
No clue and I don't care. My guess would be everything would be split 50/50 between me and my sister but with special trust accounts set up for my kids for college, marriages, things like that.

My parents aren't wealthy but they're very thrifty and have a nice house almost paid for and large 401k accounts that will enable them to live on interest only when they retire.

Personally, even thinking about what will happen when they're gone makes me feel guilty and hopefully it's something I don't have to deal with for a very long time.
 
I wrote my parents will and made my brother the executor. Everything is basically split between me and my brother.
 
Nope. On rare occasion my dad has mentioned who of my two brothers and I he wants a couple things to go to, but that's it


My uncle has told me several things which he wants to go to me (he has no children and we've always been close)
 
No, but i'm sure they have it taken care of. My parents are pretty loaded, but i'm rolling on the assumption that they are going to spend it all in retirement. I hope they do 🙂

That way, any inheritance is just an added bonus, not something I am counting on.
 
yes i have seen it. in fact i have a copy of it in my safe.

I will be in charge of discharging the will. considering everything is left to me and my 4 sisters get nothing it is going to be fun.
 
waggy said:
yes i have seen it. in fact i have a copy of it in my safe.

I will be in charge of discharging the will. considering everything is left to me and my 4 sisters get nothing it is going to be fun.
Click to expand...

Oh dear


Why are you getting everything?
 
No idea, and I don't care.

All I know is that they've treated my brother and I equally growing up, helping us out with school expenses, etc. So if they do leave anything in their wills, I assume my brother and I will be treated equally.
 
child of wonder said:
No clue and I don't care. My guess would be everything would be split 50/50 between me and my sister but with special trust accounts set up for my kids for college, marriages, things like that.

My parents aren't wealthy but they're very thrifty and have a nice house almost paid for and large 401k accounts that will enable them to live on interest only when they retire.

Personally, even thinking about what will happen when they're gone makes me feel guilty and hopefully it's something I don't have to deal with for a very long time.
Click to expand...
yeah, it's definitely not something I ask them about, they just volunteer the information.

but 3 of my 4 grandparents are dead and the 4th is really nearing the end, so after dealing with parental deaths themselves, maybe they just want my sister and I to be prepared for when it inevitably happens.
 
No idea on my Dad as he refuses to talk about it but his has been in place forever. My mom ... well she has nothing so hers is really simple.

Oddly you bring this up since my wife and I are headed to the lawyers tomorrow morning for this very thing, yippee. Put it off for far too long.

Greg
 
I know my siblings and I will inherit the house and land. Which we'll have to sell to pay off all the left over debt my parent will leave us. Then we'll probably divide the leftover cash and then people will take whatever is sentimental to them. I don't think my parents are concerned with leaving us with any sort of inheritance.
 
my parents have it split between the 3 of us equally

my moms parents have it split between their 4 kids, with some going directly to the 10 grand kids
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top