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Re: Unique situation with parents


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Posted by Edd in KY on May 13, 2014 at 13:49:55 from (98.23.17.77):

In Reply to: Re: Unique situation with parents posted by c-man on May 13, 2014 at 11:18:37:

It is going to happen. Accept it. Now you can do it the right way and legally, or you can let your head rule and fretter away your parents life time efforts because you are too soft hearted to do it properly and quickly. Would your parents really be happier if their estate lost half of it's value, just so they could keep full control a few more years?

3 years ago my mother was dieing with cancer. She wanted to do proper transfer planning. My dad drug his feet but finally went along. We fired the nice guy neighbor lawyer that practiced in his garage. Then we found a top notch estate atty. Lots of talk, what if-ing and forward thinking. They finalized it all about 6 months before mom died. All the estate easily transfered to my dad and it is all set up to be distributed according to his will and trust. Recently I heard him bragging to one of his friends about the very fine and sophisticated estate plan he had put in place.


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