audreyh1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I’m still kind of in shock.
I’ve been executor of DF’s estate for over two year now. I also managed DF’s property and finances since late 2016 when he moved to assisted living. For the estate everything was set up automatically pay on death etc., except that it also contained a substantial farm property and the estate is in a different part of the country from where I live.
Two of the heirs live overseas. The pandemic really threw a wrench into this one as travel was severely restricted until late 2021. It basically meant that dealing with the real estate portion took a very long time. One of the heirs ended up taking possession of the residential portion of the farm which was divided earlier this year, and then we were ready to sell the remaining farm acreage late spring. We finally closed on that sale today at a very good price.
Between my father’s sudden decline and hospice late summer 2019 and dealing with the estate after his passing in 2020, these obligations have tied me down for almost 3 years. It’s been pretty stressful. With the pandemic and siblings stuck overseas DH and I ended up supervising DF’s care until he passed in 2020, even relocating to his property to do so. We really hadn’t been able to plan more than very brief leisure travel etc., during this time, but part of that also was waiting 14 months for our new car!
The silver lining for all this delay (which greatly frustrated the one US based heir) was that the farm land appreciated considerably over what would have been possible in 2020 during the two years while things kept dragging out. The heirs will be paying capital gains taxes! (one of those good bad things). I think the frustrated heir has more than been compensated for the delay.
Anyway, I just felt like sharing. This will be a big change for me that I’ve been almost too afraid to hope for. Pretty much just record keeping and taxes for 2022 left, and those won’t be very onerous, little impact on my personal schedule anymore.
Kind of still in shock, my brain feels a little fried.
I’ve been executor of DF’s estate for over two year now. I also managed DF’s property and finances since late 2016 when he moved to assisted living. For the estate everything was set up automatically pay on death etc., except that it also contained a substantial farm property and the estate is in a different part of the country from where I live.
Two of the heirs live overseas. The pandemic really threw a wrench into this one as travel was severely restricted until late 2021. It basically meant that dealing with the real estate portion took a very long time. One of the heirs ended up taking possession of the residential portion of the farm which was divided earlier this year, and then we were ready to sell the remaining farm acreage late spring. We finally closed on that sale today at a very good price.
Between my father’s sudden decline and hospice late summer 2019 and dealing with the estate after his passing in 2020, these obligations have tied me down for almost 3 years. It’s been pretty stressful. With the pandemic and siblings stuck overseas DH and I ended up supervising DF’s care until he passed in 2020, even relocating to his property to do so. We really hadn’t been able to plan more than very brief leisure travel etc., during this time, but part of that also was waiting 14 months for our new car!
The silver lining for all this delay (which greatly frustrated the one US based heir) was that the farm land appreciated considerably over what would have been possible in 2020 during the two years while things kept dragging out. The heirs will be paying capital gains taxes! (one of those good bad things). I think the frustrated heir has more than been compensated for the delay.
Anyway, I just felt like sharing. This will be a big change for me that I’ve been almost too afraid to hope for. Pretty much just record keeping and taxes for 2022 left, and those won’t be very onerous, little impact on my personal schedule anymore.
Kind of still in shock, my brain feels a little fried.
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