There are few parts of the law quite as fraught as succession. As the great wealth transfer gets under way, wrangling about who gets what is tearing families apart
Tricky stuff. Talk to your family about this stuff before you/they die.
I have one sibling and as far as she’s concerned the world owes her. “Owes her what?” You may ask? Everything. I’m not looking forward to the inheritance dispute that’s inevitable when my parents pass.
I’ve had that discussion with my mother (father passed many years ago) precisely for that reason. She said we each get 1/3, which, surprised me as I’d assumed she’d leave whatever was left to her 2 grandkids (brothers kids)
I have one sibling and as far as she’s concerned the world owes her. “Owes her what?” You may ask? Everything. I’m not looking forward to the inheritance dispute that’s inevitable when my parents pass.
This is what wills are for. Get your parents to make one that’s iron clad so all she’d be doing is wasting her own money disputing it.
I’ve had that discussion with my mother (father passed many years ago) precisely for that reason. She said we each get 1/3, which, surprised me as I’d assumed she’d leave whatever was left to her 2 grandkids (brothers kids)