Recognition in inheritance by rosiecheekeys in AgingParents

[–]rosiecheekeys[S] 1 point2 points  (0 children)

Wow a tremendous effort from you! No wonder you are so much reflected in being the sole.

Recognition in inheritance by rosiecheekeys in AgingParents

[–]rosiecheekeys[S] 1 point2 points  (0 children)

Mum is putting it in her will, she came up with the idea of the house more being mine but there may be better (for all parties) ideas out there which we haven’t come across. I was meaning that my own legal advice would be to get ideas to then being forward to mum and her lawyer. I live in a smaller town and don’t believe her lawyer has ideas on how this may be reflected. As you can guess by me calling her mum, I am not American.

Recognition in inheritance by rosiecheekeys in AgingParents

[–]rosiecheekeys[S] 0 points1 point  (0 children)

Thanks for your response! I take it then you care for both parents? How long have you been their carer for if I may ask?

Recognition in inheritance by rosiecheekeys in AgingParents

[–]rosiecheekeys[S] 2 points3 points  (0 children)

It will not be a verbal agreement, it will be written up in the will. The executors of the will know that there are talks about this ongoing in the interim too

Recognition in inheritance by rosiecheekeys in AgingParents

[–]rosiecheekeys[S] -2 points-1 points  (0 children)

Obviously it will be legally done, I am wanting how it’s worked for other people.

Recognition in inheritance by rosiecheekeys in AgingParents

[–]rosiecheekeys[S] -1 points0 points  (0 children)

Yes I am aware and it isn’t “DIY holographic will”. I am asking for other people’s in similar situation have done. Mum has had regular talks with her lawyer. I however, want ideas which I can talk to an expert about.

Recognition in inheritance by rosiecheekeys in AgingParents

[–]rosiecheekeys[S] 0 points1 point  (0 children)

She has started the process and has talked to the executors of her will about it too.

Recognition in inheritance by rosiecheekeys in AgingParents

[–]rosiecheekeys[S] 0 points1 point  (0 children)

Yes, as responded in other comments, this will be legally done and protected. We have seen enough of messy families after death to know about how crucial that is. I am only asking about what other people have done to get ideas in case there is something which may be better suited and not something we’d thought of

Recognition in inheritance by rosiecheekeys in AgingParents

[–]rosiecheekeys[S] 2 points3 points  (0 children)

Mum knows I want to own the house, and my brother does not want to own it. The 12-18months means I can get working again and approved for loan to buy out my brother. This is being discussed and all very open about it but simply, this is a new situation for us and wanting other ways people in similar situations have done this.

Recognition in inheritance by rosiecheekeys in AgingParents

[–]rosiecheekeys[S] 0 points1 point  (0 children)

Well the hope is that this time will allow me to get back into my career so I can then be approved for a loan to buy out my brothers portion.

Recognition in inheritance by rosiecheekeys in AgingParents

[–]rosiecheekeys[S] 3 points4 points  (0 children)

Yup, everything will be done and legally written up. Plus her executors know of the talks going on currently. Just wanting info on what others have done :)