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Reply to "Managing an estate in a blended family"
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[quote=Anonymous]Set up a percent that she gets per month out of the total. Investments go down...she gets a little less....investments go up she gets more due to the percent. Don't structure it so she has to go to you for things. Also, I'm not crazy about "surprises" ever since I'm co-trustee of Mom's monies (alzheimer's ) affairs (along with a lawyer) after Dad's death. After Mom's death the monies get split between myself and sister. My sister and I did not know anything about this until after Dad's death. Sister went psycho, and I mean psycho threatening the lawyer at a meeting. She did not have a gun but it was a level of threatening just short of pulling a gun out. Dad weenied out by not telling us in advance. It would have been a lot better if Dad had told both of us in advance. Good on your Dad for looking out for the two of you and his current wife. That does not always happen.[/quote]
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