Am I evil for even thinking this?

[ButterflyChaser]

Great Book

Hi there! My family had to deal with a bunch of awkward estate issues a few years back and I found the book, "Beyond the Grave" by estate lawyer Gerald Condon to be priceless. You would be shocked at some of the stories he tells and how this issue can tear families apart (even more so than Scientology!) Many of the posters are on the right track, and this book will give you even more information and what your legal options are. Be careful with this issue, as it could easily ruin your relationship with your sister. It needs to be done....just right. This book puts things in perspective and gives one, if I may use the term, a more "pan-determined" view of the whole thing.

Here is a description:

"Almost all books on estate planning explain how to maximize inheritance, minimize taxes, avoid probate, set up trusts, etc. The Condons, father and son lawyers, do this, too, but what they also do is consider the psychological and emotional aspects of leaving and inheriting money. Presenting more scenarios than a season full of made-for-television movies, the Condons cover such possibilities as "protecting" the inheritance from one's child's spouse, preventing squabbles over inherited property, selecting trustees or guardians, avoiding disputes between second spouses and children of one's first marriage, leaving money for pets, etc. With good sense, humor, and authority, the authors provide a thorough look at inheritance planning with an eye toward maintaining good, stable family relations well after the estate has been settled."

 

[exccc]

EXCC wrote:



You are right, but I wasn't overlooking this, just suggesting an alternative. If this doesn't work for the brothers, then it doesn't work.

Well, that's fair enough, then.

OP should talk a trust attorney. If Dad avoids lawyers (can't blame him) the brothers could have the initial discussions and bring Dad in after.

Best of luck!

fisherman

Attorney, for sure.

 

[Royal Prince Xenu]

With the generational trust, the brothers maintain control of 2/3rds of the annual interest income. The daughter never has access to more than 1/3 of the monthly or quarterly interest income. That seems a small price to pay for a system that is inherently fair, works automatically (banks can automate the payment process) -- and most importantly eliminates any need for the brothers to engage in discretionary decision making that might cause arguments and 'bad blood'.

That's basically what I was worried about.


Yeah, but it seems to me your overlooking one important factor. What if the brothers want their share? They shouldn't have to suffer just because the sister is a Scientologist.

In my original suggestion, I was only referring to putting the Sister's share into trust. My Father's Will specifically excluded my sister from the Estate (with reasons explained). My sister was OK with this because she had received far more financial assistance from my Father than I ever had and there is no bad blood as a result.

As long as the Will specifically states that no moneys are to be paid to Co$, and that no loans will be permitted against the principal, then the Brothers should be able to take care of things from there.

It will take Legal Counsel to make sure that this is all worded correctly, and precautions will have to be taken in case she "pretends to leave" Co$ in order to gain access to the money.

Remember that you are acting to protect the Sister's welfare, not punishing her for being a scilon. Even once out, knowing that Medical cover and such things are permanently in place means that she will have a better chance of setting up a new $cn-free life than most exes.

Edit:

Also, once out, if she then wants to use the Principal to purchase property, the Brothers will have to lodge an immediate Caveat on such property to prevent mortgages being taken out for the benefit of $cn.