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Re: Estate Question
Old 08-01-2006, 07:34 AM   #21
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Re: Estate Question

Originally Posted by youbet
If Mom has been living with and receiving care from Sis for any significant period of time, you might want to be sure that Sis receives an appropriate share of Mom's estate. It doesn't sound like it will happen with your family, but we're all aware of caregivers being grossly undercompensated at estate dividing time! Seems like the years of sacrifice are quickly forgotten when a few bux are at stake. In fairness, perhaps Sis should receive it all?
I don't know about "all", but I do strongly agree the primary caretaker needs to be compensated in some way for their sacrifice.

I have three siblings, and my oldest brother cared for our parents in their final years (he lived nearby and was retired, therefore he had nothing better to do :). Although we could never repay him for what he and my SIL did for our parents, we did try to make sure he was reimbursed for his out of pocket expenses and we agreed he should get their car when they could no longer drive.

I don't think the $ value of what we did was as important as the recognition it provided for his devotion and care for them.


Numbers is hard.

Retired in 2005 at age 58, no pension

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Re: Estate Question
Old 08-01-2006, 05:30 PM   #22
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Re: Estate Question

Originally Posted by LOL!
For some reason, many folks think that if they hold accounts jointly that their heirs avoid inheritance taxes.* *One also reads about re-titling the house to share title with child.* Where does this myth come from?
Maybe it comes from confusing "joint with right of survivorship" and avoiding probate.


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