Do you have a Will and or Trust?

[flyingillini]

That’s got to be one, huge, smelly, dildo collection. Whoever that poor ‘someone in Vietnam’ is should start looking at warehouse storage facilities…..

God Bless you Hopster!

 

[MinnesotaFats]

You have to these days. Probate is a disaster and female or black judges just rule on emotions, no logic or law.

Buy my book, I spent my 30s in court with family regarding 2 probates

 

[lekidecincinnati]

free copy this guys book whoever wants it

 

[DiggityDaggityDo]

free copy this guys book whoever wants it

Don’t send it to Jerky. He won’t read it.

 

[jjgold]

everyone broke here Illini nobody has one

 

[flyingillini]

You have to these days. Probate is a disaster and female or black judges just rule on emotions, no logic or law.

Buy my book, I spent my 30s in court with family regarding 2 probates

Elaborate more on probate , I know that is where I am going to end up in the future.

 

[BMR Genie]

None of the two options. tsk tsk

 

[Tanko]

Don’t send it to Jerky. He won’t read it.

Diggity, he had your book in the shitter for 3 weeks and never cracked it open.

 

[DiggityDaggityDo]

Diggity, he had your book in the shitter for 3 weeks and never cracked it open.

Then gave it away to a STRANGER.

Tanko, I drove TEN miles to the post office to mail him that book.

 

[Tanko]

Elaborate more on probate , I know that is where I am going to end up in the future.

Probate rules vary by state.

You need to talk to your father and make sure he's designated as many accounts as possible to beneficiaries. Those accounts won't go to probate if beneficiaries are named.

Anything (accounts without designated beneficiaries or property) going through probate judge will result in:
1. More court costs.
2. Higher attorney's fees.
since both are paid based on a % of the estate in probate.

Probate can be clean and simple if there is a will dividing assests and no one challenges it. Make sure the will has been filed with a lawyer ahead of time (makes it harder to challenge) and not just with "someone" named in the will is a huge plus.

The easiest path you can hope for:

• A lawyer draws up the probate paperwork
• He submits notices usually in the newspapers asking for any debtors to step forward. They have X amount of time to make a claim (varies by state). If no one challeges the will or makes a claim against the estate, its easy.
• Judge signs off and your done.

This varies by state but can take as little as 3-6 months (assuming no challenges and all debts are addressed). We didn't have to go to court since no one made challenges and no debts showed up. It was all handled via paperwork shuffling through our lawyer.

Problems can occur when there is more than one will (older will pops up) and/or the mental state of the deceased when the will was written is challenged. That's why having a lawyer write up and hold a copy of the will is important. They make sure its a "clean" will.

 

[jamesy2422]

100% recommend having your kids on things too. I had to be added to my parent's accounts and such when my Dad got sick. This is to protect Medicaid from taking things, especially long term care/palative/hospice.

 

[MinnesotaFats]

Elaborate more on probate , I know that is where I am going to end up in the future.

Probate is public, and allows people to openly vie for the job of "executor" or "personal representative" of the estate. It becomes a contest of who's willing to spend more, because if you any assets, control of those assets, and interpretation of the will, is at the luxury of the Rep, usually in an unsupervised manner. Regardless of whether you appoint a rep in your will, it still goes before the court.

A trust avoids a public probate and the assets follow the legal and tax laws associated with the transfer upon death. There is a trustee YOU appoint.

 

[BigJay]

I spent my 30s in court with family regarding 2 probates

How’d you make out ?

 

[DiggityDaggityDo]

How’d you make out ?

You gotta read the book to find out.

 

[flyingillini]

Probate is public, and allows people to openly vie for the job of "executor" or "personal representative" of the estate. It becomes a contest of who's willing to spend more, because if you any assets, control of those assets, and interpretation of the will, is at the luxury of the Rep, usually in an unsupervised manner. Regardless of whether you appoint a rep in your will, it still goes before the court.

A trust avoids a public probate and the assets follow the legal and tax laws associated with the transfer upon death. There is a trustee YOU appoint.

I am the Power of attorney and a co trustee along with my brother, we share each title

 

[Tanko]

I am the Power of attorney and a co trustee along with my brother, we share each title

Do you get along w your brother? If so, hopefully no issues with anything in probate court.

 

[MinnesotaFats]

How’d you make out ?

I won it all, but sadly, that is what my father's will dictated all along. My mother stole my sister's share, and then my sister killed herself because of it.

My mother is the world's worst human, a true cunt. She tried to gain the job of PR in dad's case, and again for my sister's estate even though she owed the estates hundreds of thousands. Judge awarded her the right and she stole title to sister's home despite mortgage, she wound up having to post a bond and faced criminal charges thereafter.

 

[MinnesotaFats]

I am the Power of attorney and a co trustee along with my brother, we share each title

POA ceases upon death. If you are a trustee of a revokable (becomes irrevocable upon death) trust you're basically a gatekeeper and there shouldn't be any outside obstacles to a quick transfer of wealth.

 

[BMR Genie]

I won it all, but sadly, that is what my father's will dictated all along. My mother stole my sister's share, and then my sister killed herself because of it.

My mother is the world's worst human, a true cunt. She tried to gain the job of PR in dad's case, and again for my sister's estate even though she owed the estates hundreds of thousands. Judge awarded her the right and she stole title to sister's home despite mortgage, she wound up having to post a bond and faced criminal charges thereafter.

Dam Minny.. so sorry to hear this. Now, I slowly understand your responses to women. But where is your mom now?

 

[Tanko]

I won it all, but sadly, that is what my father's will dictated all along. My mother stole my sister's share, and then my sister killed herself because of it.

My mother is the world's worst human, a true cunt. She tried to gain the job of PR in dad's case, and again for my sister's estate even though she owed the estates hundreds of thousands. Judge awarded her the right and she stole title to sister's home despite mortgage, she wound up having to post a bond and faced criminal charges thereafter.

Guy, that’s some messed up stuff.
Sorry to see this.