Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post

DoubleF · 08-02-2022, 01:00 PM

Having seen what I've seen, people are idiots and they suck. Sometimes you can give everything from the estate to the others and they'll still complain. "Oh, you don't need any of the estate? That must have meant you stole from it and you're feeling guilty."

I'm seeing more and more situations where it's probably best to evaluate situations and then distribute the vast majority of the estate while still alive. Whatever left over that was kept for basic living reasons is either equally split or just straight up sent to a charity so that there's nothing to squabble over.

There were a few meetings in the past where dad was like, "Oh, my sons are great with each other, they'll be fine and figure it out fairly!". Mom looks over at dad with this, "Are you ####ing kidding me??" look.

Don't leave it to the kids or hire a third party executor that gets a flat rate is what I'm starting to notice. Lots of third party executors are getting like $180-300K a year to deal with this stuff.... yet every single one I've ever met says that it's not worth the money and they wish they had not agreed to deal with that type of BS.

Way better to sort out the main stuff prior to death and be open with what is left over. That way there's less that the remaining beneficiaries can pull to fight each other with. I deal with this stuff occasionally, but I'd honestly be happier if I didn't have to deal with this BS at times.

I've been advising people to sort things out in black and white before death. I don't want to have to sort it out if they kick the bucket. In some situations, I've seen some people put clauses in the will to force the beneficiaries to figure it out or they essentially get nothing. Such as if there's a contesting of the will that no agreement can be made between beneficiaries and/or if no agreement is made by a certain date after death (ie: 2-3 years) then more and more of the estate goes to someone not related to the main beneficiaries or some organizations' hands (ie: Charity) so there's a deadline for the individuals to sort it out. Other stuff like no more than $5K can be used for legal fees is starting to pop up, so someone can't just rack up a large bill along the lines of, "If I can't have it, neither can you." sort of thing.

08-02-2022, 01:00 PM	#116
DoubleF Franchise Player Join Date: Apr 2014 Exp:	Having seen what I've seen, people are idiots and they suck. Sometimes you can give everything from the estate to the others and they'll still complain. "Oh, you don't need any of the estate? That must have meant you stole from it and you're feeling guilty." I'm seeing more and more situations where it's probably best to evaluate situations and then distribute the vast majority of the estate while still alive. Whatever left over that was kept for basic living reasons is either equally split or just straight up sent to a charity so that there's nothing to squabble over. There were a few meetings in the past where dad was like, "Oh, my sons are great with each other, they'll be fine and figure it out fairly!". Mom looks over at dad with this, "Are you ####ing kidding me??" look. Don't leave it to the kids or hire a third party executor that gets a flat rate is what I'm starting to notice. Lots of third party executors are getting like $180-300K a year to deal with this stuff.... yet every single one I've ever met says that it's not worth the money and they wish they had not agreed to deal with that type of BS. Way better to sort out the main stuff prior to death and be open with what is left over. That way there's less that the remaining beneficiaries can pull to fight each other with. I deal with this stuff occasionally, but I'd honestly be happier if I didn't have to deal with this BS at times. I've been advising people to sort things out in black and white before death. I don't want to have to sort it out if they kick the bucket. In some situations, I've seen some people put clauses in the will to force the beneficiaries to figure it out or they essentially get nothing. Such as if there's a contesting of the will that no agreement can be made between beneficiaries and/or if no agreement is made by a certain date after death (ie: 2-3 years) then more and more of the estate goes to someone not related to the main beneficiaries or some organizations' hands (ie: Charity) so there's a deadline for the individuals to sort it out. Other stuff like no more than $5K can be used for legal fees is starting to pop up, so someone can't just rack up a large bill along the lines of, "If I can't have it, neither can you." sort of thing. Last edited by DoubleF; 08-02-2022 at 01:04 PM.