Why? I think you already know overall you won't be happy with whatever the details are. You're probably more mad that you thought you two go along why did I get picked over. Well I got news for you, no matter what parents say they have a favorite or favorites. You probably should thank her for learning a very useful lesson for life not to worry about what others think of you.
Real Obvi wrote:
Bad Wigins wrote:
Try always. That's why people have to reach back more than a year to claim I'm wrong about even one thing.
Look into it and weep. Napoleonic code requires a substantial minimum inheritance to all biological children. Can't cut them out!
Common law inheritance is rooted in backward medieval customs, along the lines of the eldest gets the farm, second gets funds to become a merchant, and third goes to the monastery.
So, more stupidity from you. Good job!
Too stupid to realize that the idea of the state mandating how parents leave their inheritance is moronic. Too stupid to realize that that was what was stupid in your earlier post (not whether or not the idea was in the Napoleonic Code).
No, and you should go see a psychiatrist or at least a counselor to help you with that pathetic crying anger of yours. Are you trying to embarrass me by wailing that I ruined your day? You're the poster boy for the nasty incel runner stereotype that gives this site a bad name. You're really twisted. Very sad.
As for the point, the law has as much business mandating an inheritance as it does mandating alimony or child support. It's wise, and natural - a parent has what you could call an "inherent" responsibility toward their own biological creation. Same root word as "inheritance."
I'm going to give you and a few other posters some really sage advice here - don't get all bent out of shape denying something just because I said it. It's entertaining and all, but I'm not mean and don't really enjoy seeing you melt down. Get your bearings, find things you enjoy in life. You'll have to admit, at some point, that my IQ is about twice as high as yours, but that is okay. Don't be ashamed.
You keep harping about the great relationship between you and your grandma but it’s obvious the money is more important to you. It’s probably why she didn’t include you in the will. Thirty years of transpired and you’re just now trying to figure things out?!
My great aunt died and left a modest house in the Midwest to her one niece, my mom, even though she had six other nieces and nephews. My aunts and uncles were better off and my mom looked after her the most. Everyone was OK with that.
Bad Wigins wrote:
I'm going to give you and a few other posters some really sage advice here - don't get all bent out of shape denying something just because I said it. It's entertaining and all, but I'm not mean and don't really enjoy seeing you melt down. Get your bearings, find things you enjoy in life. You'll have to admit, at some point, that my IQ is about twice as high as yours, but that is okay. Don't be ashamed.
Don't worry Wiggy, I've got your back. Your IQ is at least 2,600
I have two daughters. I encouraged them to be financially independent, good education, have good jobs, not ever be under financial pressure from their partners.
I have property and investment which seems a lot now, and will grow, but I am going to live my life, do the things I want. If there is anything left over, they get the same. If there's nothing, they won't be expecting any.
Many old grannies lived frugal lives and left their money to heirs that don't appreciate it anyway. Totally dumb.
I've already been told by my parents (both still alive) that I am being left more money in their will due to the amount of money they've had to give my brother and sisters over the years. None of them are very fiscally responsible, live beyond their means and can't understand that type of lifestyle isn't sustainable. I've told my parents numerous times they are just being sucked dry by them but my parents still give in when they need money for a new car or help with rent. I don't get it.
This guys writing style and repetition has me believing david45 is back with a new IP and on again???
Since you can't get a straight answer from dad, I'd suggest that you talk to your sisters to see what they know. Don't be petty or confrontational. Don't be jealous. Just ask and see what they say.
Based on the limited information you have given us, I'll make the following guesses.
-Your sisters are older than you.
-Your grandma gave them property directly because they were adults.
-Because you were a minor (or you were a minor when she drew up her will), she put liquid assets (stocks, cash, bonds) into a trust for you and made your father the trustee (manager) of the trust.
-Over the years, the trustee (dad) spent the money on himself. Now, there's next to nothing left.
If my guess about the trust is correct, then what your dad did is illegal, but you have no real recourse. The law says you could sue him. You might not win, but even if you did win, he probably has very little assets other than his home. You wouldn't get the home. He could just declare bankruptcy and you'd get nothing. Plus, you'd be out some hefty attorney fees.
Again, I'd start by asking the sisters. Remember, they aren't the problem. The decisions were made by grandma and dad. Your sisters owe you NOTHING.
And by the way, you're making the assumption that there is a trust. There may never have been a trust. Your grandma may have just willed the money to dad with the understanding that he was to give it to you when he died. Sorry, but that is NOT binding.
Again, you should assume you will get nothing. Accept that. Then, ask your sisters if they know what happened. Regardless of what they say, the outcome for you is the same. You get nothing. Just accept it and move on.
That “apartment” generating 250K a year was money in a trust managed by your dad, YOUR portion of the inheritance!
fisky wrote:
Since you can't get a straight answer from dad, I'd suggest that you talk to your sisters to see what they know. Don't be petty or confrontational. Don't be jealous. Just ask and see what they say.
Based on the limited information you have given us, I'll make the following guesses.
-Your sisters are older than you.
-Your grandma gave them property directly because they were adults.
-Because you were a minor (or you were a minor when she drew up her will), she put liquid assets (stocks, cash, bonds) into a trust for you and made your father the trustee (manager) of the trust.
-Over the years, the trustee (dad) spent the money on himself. Now, there's next to nothing left.
If my guess about the trust is correct, then what your dad did is illegal, but you have no real recourse. The law says you could sue him. You might not win, but even if you did win, he probably has very little assets other than his home. You wouldn't get the home. He could just declare bankruptcy and you'd get nothing. Plus, you'd be out some hefty attorney fees.
Again, I'd start by asking the sisters. Remember, they aren't the problem. The decisions were made by grandma and dad. Your sisters owe you NOTHING.
And by the way, you're making the assumption that there is a trust. There may never have been a trust. Your grandma may have just willed the money to dad with the understanding that he was to give it to you when he died. Sorry, but that is NOT binding.
Again, you should assume you will get nothing. Accept that. Then, ask your sisters if they know what happened. Regardless of what they say, the outcome for you is the same. You get nothing. Just accept it and move on.
I am the middle child. One sister is 4 years older and the other is 15 months younger. Except many MILLIONS to a little something? There is so many things that are very sketchy, like my sister's husband handles all the details and is the principal agent of the property with the secretary of state, and it's an LLC, with my dad as the only board member. I mean everything that has been done is strange. My sister never worked one hour in her life.
fisky wrote:
Since you can't get a straight answer from dad, I'd suggest that you talk to your sisters to see what they know. Don't be petty or confrontational. Don't be jealous. Just ask and see what they say.
Based on the limited information you have given us, I'll make the following guesses.
-Your sisters are older than you.
-Your grandma gave them property directly because they were adults.
-Because you were a minor (or you were a minor when she drew up her will), she put liquid assets (stocks, cash, bonds) into a trust for you and made your father the trustee (manager) of the trust.
-Over the years, the trustee (dad) spent the money on himself. Now, there's next to nothing left.
If my guess about the trust is correct, then what your dad did is illegal, but you have no real recourse. The law says you could sue him. You might not win, but even if you did win, he probably has very little assets other than his home. You wouldn't get the home. He could just declare bankruptcy and you'd get nothing. Plus, you'd be out some hefty attorney fees.
Again, I'd start by asking the sisters. Remember, they aren't the problem. The decisions were made by grandma and dad. Your sisters owe you NOTHING.
And by the way, you're making the assumption that there is a trust. There may never have been a trust. Your grandma may have just willed the money to dad with the understanding that he was to give it to you when he died. Sorry, but that is NOT binding.
Again, you should assume you will get nothing. Accept that. Then, ask your sisters if they know what happened. Regardless of what they say, the outcome for you is the same. You get nothing. Just accept it and move on.
Also my dad constantly gives me his rags to riches story, but truth be told he got a company from his dad and my mom told me before she died she made more then him. It appears from the outside that his life style changed as money started coming in.
I am lucky enough to come from a family where no money will be left to me or my siblings.
I will spending as much money as I can so there isn't much for my kids to fight over when I'm gone.
I have a friend whose grandfather on one side is apparently worth hundreds of millions of dollars. He's still alive and has gifted her over $80,000 that has gone towards her schooling (undergrad and then vet school). According to her, he hasn't given much of anything to anyone else in the family because everybody else is terrible with money and squanders it very stupidly if they're given any at all, so she's the only one he really helps out at all. She has no idea what his will is like, but if it reflects his decisions while alive, I would think she'll get quite a bit of money and quite a bit more than her other family members.
My own parents have been very explicit to me and have told me that everything they have is to be divided evenly three ways amongst their three children. My brother is a major PoS, but they both felt like cutting him out or something would just exacerbate issues and cause further family grief. While I appreciate any inheritance I get, I'm not someone who is looking forward to my parents dying just so I can get their money, so I don't mind at all and think they should do whatever they feel is right. I would be pretty bummed though if I knew my siblings were getting more than 2X what I was getting, and honestly, if it was the reverse, I would probably give some of my inheritance to my siblings (if they weren't horrible people) because I'd feel bad otherwise.
something is off wrote:
So l found out from my Dad that the building l had thought he owned ,was actually owned by my 2 sisters and was given to them by my grandmother who died in 1991. My dad was just making 250k a year running it, so you can imagine the value of this property, and this same grandmother gave her house to my sister too. It was worth 563k. I know that she left me some money because my dad gave me a check many years ago out of a trust set up for me. But he told me she left you a little something today when we talk, but he left your sister's more because she liked girls and never had any boys. There are three of us; me and my two sisters and it appears they got millions and l got a little something. I got along great with my grandmother before she died in 1991 when l was 18. I am just finding this out today. I never asked my dad about what she left us, l just figured it was reasonably equal. Should l press my dad and ask him how much did she leave me? The way it appears they got millions and l got a little something. How much l don't know? Should l ask? I am 48 now. I can never get a straight answer and l feel strange,but millions to a little something? And l was close to her. My dad says she just liked the girls over me basically. She didn't have any boys, only my mom, so didn't understand boys is the way my dad put it today. Should l really find out how much she left me? It will be 30 years in May.
... more THEN you?
I keep hearing "a little something". BS. Every time the OP's Dad said "a little something" I'd stop him in his tracks and demand to know what the flock that is!
Personally, my dad is in his 80's and probably has a couple mil to distribute when he goes. I happen to have 8 siblings (one of whom passed already but she had/has two children) so it won't be a life-changing amount for any of us. I've talked to him about it and he has told me it would be equally distributed with one exception. He's going to leave his house to one of my sisters who never married and lived at home (still does). When my Mom passed, she was there and helped him through that time so he wasn't alone. Had someone to eat dinner with etc. All the rest of us are totally cool with that, and to be honest, I'd be cool if he left me ZERO and gave it to the one's among us who are not as well off. My family is still very close though we all live in different parts of the country and the last thing I'd want to see is some ridiculous inheritance screw that up.
When I go I will likely distribute my vast wealth (!) equally between my three kids (probably. I do have a loser son who if he wasn't my son I wouldn't pause to spit on if I saw him in the street.) I might cut his share, haven't decided yet.
He'll probably post on this board some BS about how great a son he was to me but his sisters got more than he did.
something is off wrote:
The way it appears they got millions and l got a little something. How much l don't know?
I still don't understand how you don't know how much you inherited. The estate was settled many years ago. How much money was put into your possession at that time?
LIRunerr wrote:
the truth is wrote:
On the one hand you got some free money which is better than most, but on the other hand you got screwed. I probably would be hurt and angered.
From the other end, I am writing my will and I divided things equally between my two daughters. But, I really don't want to because one daughter is very well off financially and the other is just doing okay. The poorer really could use the extra money but I don't want hard feelings after I die, so I am giving them equal treatment.
Your dead grandmother was a rich batch.
The best advice is to be open about it with your daughters. Tell them what you are doing, so they are not surprised after your gone. This way you can all talk about it while you are around. As a parent, there is nothing you would hate more than to see your children not get along. Once you are gone, it can't be fixed and there might be resentment to their siblings or to you.
Just because one child did better than the other is not a good argument for not splitting things evenly. Why should she be penalized for doing well? OTOH, perhaps she is a giving person and will tell you to give the sister a little more, knowing she can use it more than her.
Again, the best advice I got was to let everyone know what is in the will. Don't surprise anyone.
Hope you get to live long!
Interesting point which is why I am going to divide it evenly because my richer daughter will think like you that she was being penalized for doing well.
But that's not it at all. The poorer daughter could really use the money, it would mean more to her. For the richer daughter it will not change anything for her, the money will mean little to her. But the richer one will be hurt if her sister gets more.
elviejo wrote:
When I go I will likely distribute my vast wealth (!) equally between my three kids (probably. I do have a loser son who if he wasn't my son I wouldn't pause to spit on if I saw him in the street.) I might cut his share, haven't decided yet.
You sound like a terrible father