My brother and I have a Spaulding from "Caddyshack" deal-you will get nothing and you will like it.
It worked out for the best. I suspect the estate will all go to his much younger wife. Dad is 84 and my Mom is already dead and ended up with nothing.
The guy is like a bad version of Donald Trump. Massive Gold Coast of Chicago apartment, several clubs, several hundred thousand dollars car-all this at 84!
The problem for him is that we know him well. Debt is not a four-letter word for him and at 84 he has a mortgage! Add to this other hidden liabilities, tax liens, car leases, various off-balance-sheet entities and I suspect that not a lot will be left. His motto has always been other people's money.
When his dad, my grandfather died, he was the executor and kept the estate from his other two siblings. He liquidated the estate, invested all of it, levered it, and was going to use the proceeds to pay back his siblings -eventually-if all went to plan. My brother, an attorney gets a call from an aunt pointing out the situation. A few letters from my brother's trust attorney's friends, and boom, the money is suddenly released. My brother and I are in Dad's doghouse once again, as I knew about it and didn't warn him.
I feel I should warn his young wife about the storm of liabilities that will hit her upon his death, but she would assume that it is just my brother and me pounding our dishonest Dad one more time.
Just a bad guy. Forced us to run as kids to fulfill his unfilled dreams. Beat us. Beat Mom. Claimed he was in the Rome Olympics. All my brother and I have ever found in the college press is a crappy college 8:26 two-mile relay time back in 1959. If he was Olympic material, his teammates must have been very slow.
Would not pay for college and offended many of the coaches recruiting us with his money talk. My college coach disliked him and he wouldn't allow me to go back home in the summer! Looking back, I thought this was odd, but he cared about me.
The good in all this? Any sane person would not spend a minute worrying about the estate of someone who has no bequest motive. Perhaps it is healthy just to make your own way. It is very freeing.