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Reply to "How to safe guard elder parent’s assets? "
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[quote=Anonymous][quote]Talk to them about their will and their joint assets. [b]I think what's fair is that when one parent dies, if it's your mother first, your father gets a lump sum and the rest is divided between their children (not the half-sibling). When your father dies, your mother gets a lump sum and the rest if divided between ALL the children. Since the half-sibling is his child, and not hers.[/b] Check with a lawyer.[/quote] Unless there is a lot of money, the surviving spouse may need to inherit and the children may have to wait to inherit until the surviving spouse dies. This is more common unless there is a lot of money. And if there is a lot of money, your parents should have a lawyer. [/quote]
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