Whom thinks lazy entitled layabout beneficiaries should be able to challenge a will?

Very similar with my sister with small things and attempts to take very valuable things whilst forgetting that our father was dead but our mother very much alive.

 

Shocking story .

 

+1

The Brother and I did the same for both my Mum and Dad in the last 24 months. It's only us two, so it was easy to deal with.

My Wife's work colleague of 15 years has asked my Wife to be the executor of her will.

There is nothing in it for her (which she didn't want anything anyway) and she doesn't really want to do it, but she said she will be happy to help out.

I won't get into any crazy details, but this lady is married with 3x adult children and they have around $6M in assets and she wants my Wife to help honour their will when they pass away.

 

That sux man, people will sell their own Mother for $2. It's a sad fact of life.

 

+1

People show their true colours when money is involved, it's disgusting.

 

The main issue is ,a challenge encouraged by the greed doctor Lawyers .

Often resulting in an out of court settlement to plss 'em off .


Great topic for GG/GAD when we all fly in ! Just saying .

 

Crazy story man!

Back in February 2010, my Wife's Grandmother passed away from a massive heart attack at home, here in the Isa aged 74 years old. Her husband died in his early 50's, in the early 90's from cancer.

Her 3x son's and their Wive's, all in their mid/late 40's at the time, all drove back to town from Mackay for her funeral.

After the lawn service, we all went back to the In-laws house for some lunch and drinks.

As soon as we all got back there, Grandma's daughter In-laws all ran to her granny flat out the back and started to raid all her stuff.

They took jewellery that was worth **** all I am sure, **** that was worth nothing and even rolled up the floor rugs off the floor and took them back to Mackay with them.

The look of sadness on my Mother In-laws face when this was all happening was sad to see. She didn't say anything, she just let them at it and stayed away.

My Mother In-law was the one who stayed here in the Isa to take care of her Mother when their Dad passed away and they built the granny flat out the back of their house for her and she lived there until the day she died.

Was sad to see these ladies in their 40's acting like parasites fighting and arguing over stuff they would have never seen before and worth nothing, but they just had to have it.

 

Would make for some interesting discussion on the GG/GAD for sure.

 

Not uncommon ,smart thing too do is do give items away before you pass on .

 

Yes.........We ALL know whom the discussion would be about .

 

I’ve certainly seen inheritances (or the expectation of such) basically ruin people’s lives. Easy for me - never expected anything and that’s exactly what I’ll get! (actually not entirely true as I got $5000 when my mum died and I used that for my Targa Tour so I associated her fondly when I remember that trip!).

 

Yep, I agree.

Although, old Grammy did die of a massive heart attack in her sleep, so obviously could not pass anything onto to anyone before her death.

And this is why my Wife's work mate is selling all her ****, so she only has cash to pass onto her children when the time comes so there will be no fighting or bickering over the big, valuable stuff at least.

Actually, this lady has a lot of jewellery, which is worth some good money I bet. Maybe she will pass all that onto her daughter, I dunno?

But they don't own anything else that is any good inside their home, so I assume her boys will just want their share of the cash money and maybe her daughter will go through Mum's things and help herself.

But I agree, pass on the stuff to your loved ones while you are alive, if possible and that will hopefully stop this BS from happening to some extent.

 

No eye deer!

 

That is nice of Mumma Bear to have left you $5000. Not a large sum of money, but great that you used it for TT as you made memories that will last forever all the while thinking of her.

And I agree, don't expect anything and you won't be disappointed lol.

I always knew my Brother and I would inherit my parents home here and their investment property in Brisbane one day. They didn't have any cash money, but I was expecting to inherit these properties one day, but I wasn't waiting for them so to speak and that is why I purchased my own investment properties going way back to 2003 when I purchased first investment property.

Wish my parents were still alive of course.

Read this sad story......

All the family from my Dad's side are gone now. My Dad was the last one alive of 9 brothers and two sisters and he passed away in 2020. They all got married, but none of them had children because they were so poor. My Dad was the only one to leave Greece and have children. They disowned him of course.

My Mum's side, both Grandparents dead, my Grandma only passed away 4 weeks ago back in Greece. I still have 2x Aunties and one Uncle from that side of the family and 5x cousins. 3 girls and 2x boys. They are all slightly older than I am.

Unfortunately, they are all very poor in Greece and only one cousin named Sophie has Facebook and manages to buy credit every 6 months or so and she sends me pics of the family and we chat on Facebook which is very nice.

Sophie sent me a Facebook message last week telling me that my Grandma, while still alive, but knowing she wasn't well, wanted to gift her children €5000 each for Xmas 2022. So that's my Mum, my 2x Aunties and my Uncle. €20,000 in total.

My Mum told me 10 years ago, the Greek Government contacted my Grandma and said there is a coal seam under her backyard and they wanted to buy it. They paid her €50,000, in the event one day they want to come and dig up her veggie garden in the back yard to mine coal lol. I told my Mum FAAAAAAAAAARRRRRRK OFF!! lol lol lol

But my Mum was dead serious, that is what my Grandma told her lol. So that's where the €20,000 comes into it now, otherwise they are broke and always have been.

So, my cousin Sophie wants my Brother and I to "write a deposition letter" stating that we don't want my Mum's €5000 and we would like to gift this money to her Mother, my Aunty Athena lol. This letter is to go to my Grandma's bank, which will then release the €5000 to my Aunty lol. Apparently.

I said, errrrrrr, did someone tell Yayia that my Mum passed away in June 2021, so there was no need to put money aside for her for Xmas.

Nope, the ****ers never told my Grandma that my Mum had passed away after I called Sophie to tell her the news to share with the family, because they were worried it would have broken my Grandma's heart knowing that she had passed away.

My Mum used to call her Mum in Greece two or three times a month, so I wonder what my Grandma thought happened to my Mum when the phone stopped ringing in Greece for the last 18 months.

It's a cruel world we live in.

I told the Brother we will write this letter or whatever it is we have to do to get this money to my Aunty, they need it a lot more than we do.

 

that is one crowd you keep away from , don't give Rennie advice like ..

 

Like I've always done in business work my way through the issues and resolve in a commercial manner .

Just saying don't give Rennie poor advice .

 

Popcorn in the frypan...........................

 

Initially under the auspices of a Government department prior 1987

Then transitioned to a Statutory Corporation until 1994

A company underwritten (major shareholder) by the Victorian Government

Amongst those whom constitute their (often involuntary) client base

'Maggots' would perhaps be a generous description

 

Get someone you trust to help you.
Not give them the responsibility (you can’t legally of course), but just help with the legwork and get them to cast their eye over what you’re doing.

Exactly what I did with my brother last year.
He was the executor, but I ran him around all over the place so he could concentrate on what he needed to do. I also sat in on various meetings as an observer and someone he could then talk to if there was anything he wasn’t sure about.

Afterwards he was very grateful and said it made his job a lot easier.
Not a big deal for me to do that.

Honestly I can’t understand anyone claiming money for their time to do this. That’s ****ed in my view.

It’s not like it’s a surprise to find out you’re the executor of a will.
If you’re asked and you don’t want to do it, just say so.

I’m the executor of my aunties will (whom will hopefully be around for a long time yet) and in all likelihood a beneficiary as well.
The idea that when the time comes I will demand more money to carry out her wishes is bizarre.

 

You know Carl, State Trustees are not free and probably more expensive than most realise.

Sure, if you are an Executor (or Co-Executor) of a Will, there will be opportunity costs involved if you are employed (or self employed), so I can understand (but don't agree) recouping lost salary or time. My sister wasn't working at the time she was co-executor but was still able to claim a hefty sum as a commission.

A well drafted Will should have a provision covering the costs that an Executor should be paid or reimbursed whilst carrying out their duties. Remember, an Executor of a Will is a trustee of the Estate until it is fully wound up and as such, has many onerous responsibilities. If you are on the Centrelink Age Pension and become an Executor, you technically become the legal owner of the assets of the estate until they (or the proceeds) are dispersed to the rightful beneficiaries. This means you may lose some or all of your Age Pension entitlements until your responsibilities are completed by way of example.

In my sister's case, she even hired a lawyer to assist with all the technical legalities such as probate etc, much to the chagrin of the co - executor. I seem to recall the lawyer claimed well over $30K in costs from the Estate.

One thing that I've learnt during my time on this planet is that people are generally hypocrites and will screw over family and friends for a buck. Cynical? You betcha!

Most people THINK they are ethical, BELIEVE they will do the right thing and are quick to JUDGE others for the very failings they have themselves.

I've seen seagulls better behaved over a hot chip at the beach than many families during settlement of an estate.

 

Sums up the will issue well..

 

Haha wisdom right here