Reply to A musing about mom's estate planning

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My Dad has been a workaholic my entire life. He is on his third wife (second one died, first was my mom), third wife has one son. My dad's second wife had a son, not his bio kid. My dad's grand plan is that his estate will be divided into quarters for all four kids (I have a bio sister). Stepmom is executor of the will. You following all this?

Nothing is in a trust. My Dad's current wife has had her son on the family dole since college. Paid for his grad school, the engagement ring for his girlfriend, will pay for their wedding and first house. My sister and I were not parented this way, nor did we expect it. I explained to my dad that as the executor of his will, stepmom can, and likely will, do whatever she wants with his estate. My assumption is that she'll leave it to her son.

Dad will hear none of it. He is convinced that they "feel the same!" about all the kids, which my sister and I objectively know is not true, and that's that. There is no further discussion about it.

This is what my dad needs to believe, that current wife shares his values. She's happy to let him think that. The kicker: she had him move their estate planning from his former financial advisor to an attorney she knew, who happened to be her son's godfather.

I get it OP. [/quote]

While I agree she should not be the executor given the conflicting interests, it’s not accurate that she can do whatever she wants. Not legally. She has to follow the terms of the will. You can sue if not. [/quote]

PP. She has to follow the terms of the will, but my expectation is she will move and rename the assets. They will be divided “by four”, but decreased by an exponential amount. Please correct me if I’m wrong, because I would love to be. But I don’t think I am. And I wouldn’t know how to trace it all if I were to challenge the situation. Like many WASP families, we do not talk about money in detail. I am raising DD differently. [/quote]

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