inheritance after death

[SIXBANGR]

My parents are now both gone. My sister and i have decided how to divide their estate. I want her to have the house and i will take what ever life ins. there was. What is the best way to handle this, hoping without a lawyer involved.

 

[EVIL]

If you are both in agreement then you basically just need someone to dot the I's and cross the T's. shop around for and inexpensive lawyer.

D

 

[87chrisss]

Did they have a will?

 

[SIXBANGR]

yes we have a will that says we should split every thing equal. But she was the cartaker and i believe she deserves to have the house.

 

[Phoneguy]

Depending on your state laws, the house will be taxable whereas the life ins is not. I dont think you will need an attorney, just draw up what is agreed too and have it notarized, this will protect both of you.

Bryan

 

[Chuck Leeper]

GET A LAWYER!! BTDT, and it was NOT nice.

 

[Grumpy]

yes we have a will that says we should split every thing equal. But she was the cartaker and i believe she deserves to have the house.

Court may not think so !! EQUAL is EQUAL.. Stupid ???? hell yes but thats what the will says.. GET a lawyer. Things just are not that simple anymore.

 

[Rivical]

If you both appear with the same attorney (friend of the court) describing an amicable resolution, then immediate monetary equality isn't the same issue as is continuing equity in a property were you to be receiving a larger cash settlement in lieu of the property being divided or disbursed.

This is definitely a time to spend a few G's on legal representation.

I've just been thru this and in my case the attorney fee's outweighed the monetary gain in resolution of a disputed claim. But right was made as right as possible by Law, and the decedant's wishes were forcefully followed to the best of what could made by those who's greed did not overcome their respect.

Making a case for yourself tends to PO the legal system. Working with representation amicably will make everything smoother for your continued family unity in the future. Because it can get ugly Fast no matter your intent, and that's the last thing you want to be dealing with for the next couple years given your loss.

 

[Red C5]

Attorney for sure. If for nothing else, to avoid a potential tax liability next year.

 

[SIXBANGR]

The life ins. is easy, but we need to talk to a probate lawyer on the house. We will get it done, thanks everyone.