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Reply to "inheritance shockers"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My grandfather left his house, next door to us, to me to pay for my college. I was a minor so my mother had power of attorney or somethig. He died when I was 12. We rented it to Stetson Law students for a few years, after I cleaned and painted it all myself. When I was 17 she sold it. She never used any of the money for my college expenses. What she did only really became clear to me later.[/quote] Which was what?[/quote] She took the house and the sale money, which my grandfather had intended to be used for college. She used it for herself. Probably legal since I was a minor, dunno. But seems wrong to me. She contributed nothing of the money toward college. Actually, she contributed nothing. [/quote] I don't know your life but sometimes kids don't have a good picture of the finances. If she used the money to raise you, or if she couldn't afford to keep the property up and current on taxes, selling was legitimate. If not, then I'm sorry. [/quote] How do you know she was supposed to use it for college? Where did you hear that? See it written in a legal document? If that was his desire, he could have made it happen through better estate planning. [/quote]
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