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Tractor Talk Discussion Board

Re: Executor of Dad and Mom's Estate


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Posted by Texasmark1 on December 12, 2013 at 14:28:23 from (184.20.52.57):

In Reply to: Re: Executor of Dad and Mom's Estate posted by Old Bob on December 12, 2013 at 06:52:48:

Thanks sir for your reply. The place is not structured to be split. I think I know how it will go. The youngest boy will take physical possession, regardless of ownership. He will work out something with the other two to "maintain" it until they collectively agree to dispose of it. Daughter will use it as a recluse from the hustle bustle of her day to day responsibilities. She has already made that clear by her comments every time she comes out here.

The oldest boy will probably want to be bought out and the other two can pay for that with other things they will receive. Get an assessment of net worth, divide it by 3, other 2 pay off "3, do a deed change via the county clerk and that's that.

Attorneys in a small town around here are friends and work for very reasonable fees. Like my medical power of atty was $50 and another medical directive was also $50. Will was $500 including filing fees.

Disposition is not my problem. I have seen times and folks change and to do a lot of dictating in a will is not the right answer. Currently I am the member of a family who are the recipients of of some stupid real estate dealings my grandfather was involved in. I can clearly see how a will can hamstring the decendants and I'm just not going to do that. I am giving them free reign and they can decide for themselves. Not going to be a legal schrade. Already indicated why.

Mark


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