I'm the one who lived closest by mom and dad. I helped mom tremendously with dad, and then helped her for another 15 years. Mom died and now, I am STILL taking care of her....estate! Thankfully, because of the close relationship we had, and because she trusted me, I was able to have her complete her Will, Trust and sign over the bigger elements of her property to her Trust and 5 kids. So there is actually not too much wrangling about who gets what. The biggest amount of time right now is in cleaning out her home and getting it ready for sale---even though she didn't accumulate what I thought was a lot of stuff, there is still, a LOT of STUFF to go through. I am spending several hours at a time over there, several times per week, and one weekend day every week with my spouse going thru it all. Because of identify theft we cannot just throw paperwork in the trash---we have to sort it into the bulk threshing boxes or the recycling boxes (actually we're tending to just thresh it all).
I hope all of you out there have gotten your wills DONE and your instructions are very CLEAR as to how you want your Estate to be handled. Even things like specifying if you DO want to donate all your clothing to charity, would be SO helpful (versus feeling like all clothing has to be inventoried and offered to 3 sisters who might just want certain items....very time-consuming!).
For simplicity, my parents only left things to the 5 kids, and nothing to the step-grandkids or even their own grandkids, this has been a godsend since I don't have SO many people to deal with. I know many grandparents might want to "remember" their grandkids---but, please, consider the extra work it will make for your Executor, and just let the grandkids receive something thru their parent.
The other thing I am learning as I go thru the early stages of all this is, there is no rush to get things done; and yet I am hearing weekly from one or the other of my siblings, when will I get some money.....it would be been AWESOME if my mom had actually written instructions into her Will, that NO MONEY would be given out for the first 6 months, and that the Exectuor had no need to "report" on the Estate for the first 6 months. Mom has not even been in the ground for (let me count it....) 7 weeks and the sibligns are already getting royally Antsy!
I will post more updates as time goes on.
His burial and all are prepaid, so we are quite prepared for the aftermath with these two. God, I haven't ever gotten this daid, written or off my chest like this before, thanks for listening! STACEY B
There has got to be a better way. Today, I am going to consider my loved ones by shedding stuff they don't need to deal with after I'm gone.
Everybody has their hands out just waiting for funds, now that is nothing but family fun time. At least you don't have to deal with MERP.
Have you opened probate? If so or if not, when you do get extra Letters Testamentary for every family member and with them send a short note (along with the LT) that states what the allowable time frame is for probate is in your state (put in your states administrative code reference on this just to keep the bs down) and that probate and settlement will happen within that timeframe. Put in something about mom in the note - like "we all miss her smile and the deviled eggs she was famous for".
These you send certified with return receipt (the green card) from USPO to every member of the family. Will run abt $ 7.00. Keep the receipt as this is an administrate cost of the estate - & you as executor get reimbursed for these costs (unless you are paying from an estate of account that has $). puts everbody on notice and equal.
Give hubby a big hug & whatever else too, he's a gem to be there and wading though paperwork with you.
In a perfect world, elders would buy a rubbermaid tub for each child or grand child. Write their name on it and take a week and fill it with tools, antiques, albums, momentos, linens, art, pottery, glassware, any thing that is not currently used in daily living, gathers dust or could be of good use and sentiment to others!!!!!
You have been given some great ideas here!! How about you give each sibling an IOU or credit voucher for $2500. They can spend it on items from the house. If they spend more, they can give you the executor the IOU for deduction from their future share. Then they can stop squacking and you will be the hero because they can finally feel like they have gotten something. You can sleep at night because it is fair. I have also heard of instances that if 2 siblings want the same thing, they put their names in the hat and go at it with other games of chance...family poker night, etc.
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