my grandparents big ass house (1/4th of atleast) and my parents big ass house (1/2 of it atleast) + probably some moneyz.
I gotta say though, as the biggest failure and embarassment in the family, I'm always a little worried that my parents might end up passing most of the assets on to my brother. That would suck because he is already successful as fuck.
>>1026331 A large house on a large piece of property on Main Street, a shop with a store front also on main street. I'm not sure what I'm going to do with the shop with the store front. My dad owns a small lumber mill and he sells home made shit out of it. Aside from selling orders of boards from his mill.
I'll have to split it with my sister, but a 10000sqft grade 1 listed house in central London, an even larger house a couple of hours out of town and neighbouring 5-bedroom (also listed) 15th century farmhouse, a farm and series of rental properties out in the country, a 1950s 60 foot yacht, a sizable art collection, and some indeterminate but large amount of money. They'll probably outlive me though.
My mom claims she won't leave me with a bunch of shit, but her house is literally a shithole filled with tons of shit. She's in complete denial of her hoarding. Her mom saved EVERYTHING, so when she died, what did my mom do? She fucking moved all that shit into her house, and now complains about how much shit she has and has no time to go through it.
I told he she needed to clean the garage so she can start organizing all the other rooms, and she said, "when I have time." Last time I visit, she's fucking painting the house. Literally shit everywhere and she's painting for no reason at all.
I've been thinking alot about this lately and likely nothing.
My grandma and my parents have neighboring properties with about 30 acres each. My grandma will likely have to sell as she moved out and is in a retirement home and likely can't afford it without selling. Plus with her kids, there will undoubtedly be a fight no matter how she would divide it. Hell, there is already a fight about whether she should even sell.
So anyway, when that acreage is gone, my parents will be left with 30 acres only. Which with the way the property was divided is not good for much with just 30. My parents are dumb hippies so they have no savings and refuse to rent their cropland to anyone that will use RoundUp ready corn. So nobody rents their land. With no inheritance, it basically means my parents will need to sell their only asset at some point. So maybe I'll get some cash, but thats about it.
>>1026331 Hopefully nothing. My brother is an aspie (a real one, sperglords), and he'll need the money more than I do. I plan on telling my parents that they should weight the will toward him when they turn 70.
Mother and stepfather recently informed me that I've been designated the executor of their wills. They said its because I'm the most responsible but I'm sure it's because I'm the only sibling with no blood relation.
So what I get is the responsibility of seeing to it that all of their rental properties are liquidated in an expedient and lucrative manner (I estimate their value to be roughly USD2.5 million at most), the potential animosity of my steps when they learn that our parents thought they were all incapable of sorting the remains of the estate, and extreme displeasure of notifying my step sister that she gets fuck all because our parents thought she was kind of a bitch.
I'll also get a larger percentage of the estate as an executors fee. This will likely leave my sibs absolutely butt destroyed and deal the finishing blow to our shitty semblance of a family.
I'll be splitting with my brother a fully owned 4.5m house, 800k yacht, a couple other 500k-1.2m investment properties and whatever else my parents may have that they haven't told us about. They don't seem to want to share that sort of stuff.
>>1026331 about $80,000 in tools and $10,000 in weapons.
my siblings want none of these so i think im sitting pretty on shit i find useful.
as far as any cash, unknown. probably between $50,000-$200,000 which a majority will go to his wife anyway the remainder will be divided 3 ways.
>>1026336 its funny, my step-mother an I talked about that. she was worried about my sister/brother/myself wanting to claim the house should something happen to my father. I told her i sure as shit dont want the house and i know my sister and brother dont want it either.
she wasnt being vindictive or anything, but she has sunk a lot of money into that place after everyone moved out. so she had a right to be concerned.
My father will probably sell most of his assets and go on a hedonistic bender before he dies, at least that's what I hope he does. Otherwise I split a $700,000 house in Seattle and another 1-200,000 in assets with my slacker brother.
My brother might get the lions share though, he certainly needs it more than me and lives back home.
>>1026365 Holy shit! Same thing in my family. My grandma has a million dollar house in San Francisco. My exdrug addict, conspiracy theory, carpenter, insane uncle is already moved in and is now her executor on her estate LOL.. life is funny... The 60 year old retard who reads and writes at a 3rd grade level inheriting a million dollar house in San Francisco. The funny part is he is such a fucking idiot he doesn't realize that the reverse mortgage he talked her into is going to need to be paid back... I cannot wait for this day I'm gonna kek like a motherfucker.
>>1027974 >You job as an executor is NOT to do what you think is right. Your job is to do what the deceased wants you to do with your estate.
>I'm sure they already have a trust, but if they don't, make sure to have them see a trust attorney. There are significant tax savings. These are two of the more clueless statements I've seen on /biz/ in a while. First of all, executors have fiduciary duties to the beneficiaries, not to the decedent. There are many circumstances where an executor can, should, and sometimes must override the edits in a will.
Trusts aren't used to avoid taxes. Trusts are used to avoid probate, because probate is a lengthy and costly process. In addition, trusts are used to create multi-generational bequests, such as life estates. The taxes are the same either way.
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