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08-13-2024, 01:16 PM
#1

Family member trying to take all father’s assets

I have nothing to my name while this person is worth well over $1 million in assets.

What should I do?

Assets are worth roughly $400k in real estate
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08-13-2024, 01:18 PM
#2
such detail. much explanation. Very understand.
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08-13-2024, 01:20 PM
#3
Originally Posted By Retoaded⏩
such detail. much explanation. Very understand.
No will paper provided to other siblings. Siblings not present during time of written will. Will not verified. Proceeds to change deed titles without notice. Other siblings have a much smaller asset pool($100 in bank account)
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08-13-2024, 01:25 PM
#4
No will?! Who's in charge of the estate?!
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08-13-2024, 01:38 PM
#5
Originally Posted By kimm4⏩
No will?! Who's in charge of the estate?!
this

you can't just assume administration without a court order. I mean you can but then it's a whole legal matter.

seek out a lawyer, this should be an open and shut case for them if it's as you say.
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08-13-2024, 01:47 PM
#6
How is this person worth over a million and you have nothing to your name? Clearly they are more fiscally responsible than you, so I'd say they deserve the father's money more than you do. You should just let them have it, and maybe try to learn from them.
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08-13-2024, 01:58 PM
#7
thats how you STAY a millionaire
money, cars, clothes and hoes is all a miscer knows
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08-13-2024, 02:31 PM
#8
Originally Posted By Quiggie⏩
How is this person worth over a million and you have nothing to your name? Clearly they are more fiscally responsible than you, so I'd say they deserve the father's money more than you do. You should just let them have it, and maybe try to learn from them.
Married couple invested in houses. I'm single living with my mother.

I'm one of the sons of the deceased father. Irresponsible or not, it doesn't really matter. Its an inheritance based on blood.

Originally Posted By Zackad⏩
this

you can't just assume administration without a court order. I mean you can but then it's a whole legal matter.

seek out a lawyer, this should be an open and shut case for them if it's as you say.
I will see what the will looks like once the funeral is over and done. From the sounds of it, the will does not sound like its fairly allocating the assets.
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08-13-2024, 02:40 PM
#9
Originally Posted By theory816⏩
I will see what the will looks like once the funeral is over and done. From the sounds of it, the will does not sound like its fairly allocating the assets .
Wills don't have to fairly allocate the assets.
If it is your fathers will then it will be allocated as he wished. Regardless of your sour grapes.
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08-13-2024, 02:41 PM
#10
Originally Posted By goody1⏩
Wills don't have to fairly allocate the assets.
VERY TRUE. However, knowing my father, the will isn't right.

He wouldn't make it that disproportionate. You can already see that.
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08-13-2024, 02:42 PM
#11
Originally Posted By theory816⏩
VERY TRUE. However, knowing my father, the will isn't right.
Where did the will come from?
And why isn't it all just going to your mom? Are they divorced?
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08-13-2024, 02:44 PM
#12
Originally Posted By goody1⏩
Where did the will come from?
The sibling and his "friend" as a witness. Other siblings were not present.
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08-13-2024, 02:45 PM
#13
Originally Posted By theory816⏩
The sibling and his "friend". Other siblings were not present.
Sorry wills don't work like that. It's already been said. Your other siblings cannot just make up a will.
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08-13-2024, 02:47 PM
#14
Originally Posted By goody1⏩
Sorry wills don't work like that. It's already been said. Your other siblings cannot just make up a will.
I believe he just put all our names/ss on a paper and then came up with the will. As far as I know.

Father did not want to disperse assets while he was still alive. He wanted to stay alive long as possible but he passed away.
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08-13-2024, 02:57 PM
#15
Originally Posted By theory816⏩
I believe he just put all our names/ss on a paper and then came up with the will. As far as I know.

Father did not want to disperse assets while he was still alive. He wanted to stay alive long as possible but he passed away.
You need to get more details and then contact a lawyer then. Are your mom and dad divorced?
And as a PSA for anyone reading this, you need to have your parents create a will. Not always a pleasant subject but it needs to be done in order to keep the remainder of the family from fighting. Not having a will when you die has ripped families apart.
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08-13-2024, 03:04 PM
#16
Originally Posted By goody1⏩
You need to get more details and then contact a lawyer then. Are your mom and dad divorced?
And as a PSA for anyone reading this, you need to have your parents create a will. Not always a pleasant subject but it needs to be done in order to keep the remainder of the family from fighting. Not having a will when you die has ripped families apart.
Yes they are divorced. Honestly there's just no way the will could've been made while he was alive because none of us wanted to create a will and he himself waited until he pass.

My father was the one who helped my other sibling create the assets they own by showing them the ropes. So he knows their situation well and his other kids' situation. I would talk with him on his porch from time to time and he would always bring up the subject of how worried he was about me having nothing. He had no favorites and loved all of us.

The reason why I have nothing was because I wanted to try out different paths of professions since we already had home builders.
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08-13-2024, 03:07 PM
#17
Originally Posted By theory816⏩
Yes they are divorced. Honestly there's just no way the will could've been made while he was alive because none of us wanted to create a will and he himself waited until he pass. My father was the one who helped my other siblings create assets they own by showing them the ropes. So he knows their situation well and his other kids situation. He had no favorites and loved all of us.
IDK where you live, but here in CA a will is invalid if one of the two witnesses to the will is a beneficiary, which your sibling would be. In some cases the will is still valid but that witnessing beneficiary forfeits their inheritance because they aren't considered a valid/competent witness, so that they can still distribute the assets to other benes.

So even if you can't prove it was faked, your sibling may have fuked themselves.
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08-13-2024, 03:08 PM
#18
Originally Posted By theory816⏩
Yes they are divorced. Honestly there's just no way the will could've been made while he was alive because none of us wanted to create a will and he himself waited until he pass. My father was the one who helped my other siblings create the assets they own by showing them the ropes. So he knows their situation well and his other kids situation. We would talk on his porch from time to time and he would always bring up the subject of how worried he was about me having nothing. He had no favorites and loved all of us.

If he was worried about you having nothing, and if he helped your siblings achieve wealth and not you, then why do you have nothing and claim he loved you all equally?


Was it because he DID try to help you but you were too incompetent to heed his advice?
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08-13-2024, 03:11 PM
#19
Originally Posted By Zackad⏩
IDK where you live, but here in CA a will is invalid if one of the two witnesses to the will is a beneficiary, which your sibling would be. In some cases the will is still valid but that witnessing beneficiary forfeits their inheritance because they aren't considered a valid/competent witness, so that they can still distribute the assets to other benes.

So even if you can't prove it was faked, your sibling may have fuked themselves.
I'm sure the will isn't valid. But I still love my other sibling and nothing is going to tear us apart.
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08-13-2024, 03:15 PM
#20
Originally Posted By N0stradamus⏩
If he was worried about you having nothing, and if he helped your siblings achieve wealth and not you, then why do you have nothing and claim he loved you all equally?

Was it because he DID try to help you but you were too incompetent to heed his advice?
I wanted to pursue different career paths(you know how that goes) and he respected that wholly. But none of these things I've tried seemed to pay off partly because of my own incompetency but also because of the environment itself. Of course I wanted to work hard to impress my father and be competitive to my other siblings. But nothing worked career wise and financially.

Also as I grow older I feel like I’m starting to look more like him lol
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08-13-2024, 03:30 PM
#21
Originally Posted By theory816⏩
I wanted to pursue different career paths and he respected that wholly. But none of these things I've tried seemed to pay off partly because of my own incompetency but also because of the environment itself. Of course I wanted to work hard to impress my father and be competitive to my other siblings. But nothing worked career wise and financially.


Without a will, it will most likely have to go to probate court. Let's hope you and your siblings can keep things civil.


Attention everyone: The wealthy don't use wills, they transfer their assets to LLCs and Trusts to ensure that their kids don't have to deal with probate.
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08-13-2024, 03:34 PM
#22
Originally Posted By N0stradamus⏩
Without a will, it will most likely have to go to probate court. Let's hope you and your siblings can keep things civil.


Attention everyone: The wealthy don't use wills, they transfer their assets to LLCs and Trusts to ensure that their kids don't have to deal with probate.
The sibling got the will done to avoid probate. But it's done so shoddily as I've described. And this is made evident with such a disproportionate dispersion, again knowing my father this would not been what he would've wanted.

I'm hoping the sibling caves in and keeps it out of probate. Hopefully we can work something out. I'm thinking he can just keep everything in his name, but once its liquidated, it must be dispersed properly in a way that also reflects the assets and needs of each sibling(I have nothing to my name).
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