For those who have read the "inheritance debacle" thread... What do you think?

[Anonymous]

That thread was decent until people started picking apart the story and claiming that the Op was lying. One of the posters there said that if the same question was posed to the posters in the finance forum, the answered would be quite different.

So to recap that excessively long thread:
The op inherited her Godmother/great aunt's home, only problem is that her cousin/godmother's 50 yo DD has been living there all her life. Basically the DD has several degrees and had left home several times but didn't like work (or something) and always came back home. Now she is working a meager job abad the op is wondering if it is okay to toss her out. In the will, the daughter inherited 100k so she does have something to work with. The posters originally started digging into the op because it would be immoral to kick out her cousin because the cousin could possibly have some mental illness explaining her lack of being able to hold down a job. Some people are suggesting that the op sell the house and split the money with her cousin and some suggest that the op just try to live with her cousin as it would be wrong to put her out.

So what would you do from a money perspective (not an emotional one like the posters over there are).

[Anonymous]

Here is the thread:
http://www.dcurbanmom.com/jforum/posts/list/601682.page

[Anonymous]

Sell the house and buy another. Daughter obviously moves somewhere else.

[Anonymous]

I wouldn't let the daughter freeload, but I would try to work with her rather than throwing her out against her will. Ideal situation would be to have her get a mortgage and buy me out. Or she pays rent at a bit below market and agrees to keep the house in good repair.

[Anonymous]

The problem in the other thread is that it is not clear that the will is actually a good one- there's some questions about the circumstances of the writing of the will.

A number if posts have suggested to the OP of that thread that she and the daughter and son of the deceased should all see lawyers to discuss the will and what should happen next.

[Anonymous]

I don't think there's any point in resurrecting that topic on this forum. Whether it's a true story or a heavily embellished one, everything that could be said was said. From a strictly financial perspective and leaving aside that overly complicated family situation and history, if the woman in question was the legal inheritor to the house, then the most sensible thing is to sell the house and move on with her life. Which was suggested to her on that thread.

One reason why I didn't quite buy the thread's story is because young people busy with their studies and starting their lives usually aren't interested in moving into an old lady's house. Homeownership is an expensive undertaking and one that shouldn't be taken on lightly, especially if you're not working full time and still need to pay the taxes, upkeep, repairs, heating bills, the list is seemingly endless.

[Anonymous]

Anonymous wrote:The problem in the other thread is that it is not clear that the will is actually a good one- there's some questions about the circumstances of the writing of the will.

A number if posts have suggested to the OP of that thread that she and the daughter and son of the deceased should all see lawyers to discuss the will and what should happen next.

Nothing that was said by the OP of the thread gave any credence to the suggestion that there was an issue with the will. That was just other posters stirring shit because they couldn't imagine that someone would leave their house to their God daughter instead of their own children.

[Anonymous]

Anonymous wrote:I don't think there's any point in resurrecting that topic on this forum. Whether it's a true story or a heavily embellished one, everything that could be said was said. From a strictly financial perspective and leaving aside that overly complicated family situation and history, if the woman in question was the legal inheritor to the house, then the most sensible thing is to sell the house and move on with her life. Which was suggested to her on that thread.

One reason why I didn't quite buy the thread's story is because young people busy with their studies and starting their lives usually aren't interested in moving into an old lady's house. Homeownership is an expensive undertaking and one that shouldn't be taken on lightly, especially if you're not working full time and still need to pay the taxes, upkeep, repairs, heating bills, the list is seemingly endless.

NP here. Pretty sure that this forum would have a different take. The money forum users are not going to tell Larla to give her cousin the house just because they think she's entitled to it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The problem in the other thread is that it is not clear that the will is actually a good one- there's some questions about the circumstances of the writing of the will.

A number if posts have suggested to the OP of that thread that she and the daughter and son of the deceased should all see lawyers to discuss the will and what should happen next.

Nothing that was said by the OP of the thread gave any credence to the suggestion that there was an issue with the will. That was just other posters stirring shit because they couldn't imagine that someone would leave their house to their God daughter instead of their own children.

There was the whole circumstance of two elderly sisters going to a lawyer and, when they come out, the younger sister's grandaughter is inheriting the older sister's family home. Yes, it is unusual for the most valuable asset in an estate to go to a distant relative instead of immediate family, especially when that asset has been a family home for many years. Not totally unheard of ever, but certainly not typical or common.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The problem in the other thread is that it is not clear that the will is actually a good one- there's some questions about the circumstances of the writing of the will.

A number if posts have suggested to the OP of that thread that she and the daughter and son of the deceased should all see lawyers to discuss the will and what should happen next.

Nothing that was said by the OP of the thread gave any credence to the suggestion that there was an issue with the will. That was just other posters stirring shit because they couldn't imagine that someone would leave their house to their God daughter instead of their own children.

There was the whole circumstance of two elderly sisters going to a lawyer and, when they come out, the younger sister's grandaughter is inheriting the older sister's family home. Yes, it is unusual for the most valuable asset in an estate to go to a distant relative instead of immediate family, especially when that asset has been a family home for many years. Not totally unheard of ever, but certainly not typical or common.

Given that she was widowed and close to her sister it's completely normal that she would take her sister. She didn't give it to the sister, or even to the sisters kids, but to a single grandchild of her sister. Sometimes you just have to take things at face value.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The problem in the other thread is that it is not clear that the will is actually a good one- there's some questions about the circumstances of the writing of the will.

A number if posts have suggested to the OP of that thread that she and the daughter and son of the deceased should all see lawyers to discuss the will and what should happen next.

Nothing that was said by the OP of the thread gave any credence to the suggestion that there was an issue with the will. That was just other posters stirring shit because they couldn't imagine that someone would leave their house to their God daughter instead of their own children.

There was the whole circumstance of two elderly sisters going to a lawyer and, when they come out, the younger sister's grandaughter is inheriting the older sister's family home. Yes, it is unusual for the most valuable asset in an estate to go to a distant relative instead of immediate family, especially when that asset has been a family home for many years. Not totally unheard of ever, but certainly not typical or common.

Given that she was widowed and close to her sister it's completely normal that she would take her sister. She didn't give it to the sister, or even to the sisters kids, but to a single grandchild of her sister. Sometimes you just have to take things at face value.

But the sister's child was having financial difficulties and now they have been relieved of the burden of housing their child and paying for her education through this inheritance. It's not the way wills are normally written.

[Anonymous]

The whole thing reminds me of "Bleak House."

[Anonymous]

Anonymous wrote:The whole thing reminds me of "Bleak House."

Yes! And we know what happened to the money there.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The problem in the other thread is that it is not clear that the will is actually a good one- there's some questions about the circumstances of the writing of the will.

A number if posts have suggested to the OP of that thread that she and the daughter and son of the deceased should all see lawyers to discuss the will and what should happen next.

Nothing that was said by the OP of the thread gave any credence to the suggestion that there was an issue with the will. That was just other posters stirring shit because they couldn't imagine that someone would leave their house to their God daughter instead of their own children.

There was the whole circumstance of two elderly sisters going to a lawyer and, when they come out, the younger sister's grandaughter is inheriting the older sister's family home. Yes, it is unusual for the most valuable asset in an estate to go to a distant relative instead of immediate family, especially when that asset has been a family home for many years. Not totally unheard of ever, but certainly not typical or common.

Given that she was widowed and close to her sister it's completely normal that she would take her sister. She didn't give it to the sister, or even to the sisters kids, but to a single grandchild of her sister. Sometimes you just have to take things at face value.

But the sister's child was having financial difficulties and now they have been relieved of the burden of housing their child and paying for her education through this inheritance. It's not the way wills are normally written.

Wills are written however the person writing them wants to set up their estate. Your idea of "how wills are written" means nothing. Also the daughter was given $100k and a car. It's not as if she was turfed out with nothing.

[Anonymous]

Someone clearly has an emotional investment in the story that they're shouting down anyone who questions the circumstances.

Since this thread was started solely for approaching the situation from a financial perspective, the answer is to sell the house once the deed has been transferred and invest the money into her own nest egg. Preciously few 24 year olds inherit upwards of 425,000 so consider yourself lucky. A 24 year old student is hardly going to be in a position to keep the house and manage its upkeep and taxes. If we're to believe Larla the house is an older property that's at least 60 years old and may risk being a money pit. That 25k earmarked for her education can easily be swallowed by taxes and maintenance within a year or two.