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Reply to "Inheritance debacle. WWYD? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Interesting that Thelma's house was left to her by her own parents, yet she's unwilling to do the same for her own kid. Hmmm. Wonder how successful and wealthy she would be if she didn't have such a large nest egg and never worried about having a roof over her head. Seems a tad bit hypocritical. But in the end, it was her house to do with what she wanted, and Larla, you should be talking to your Grandmother about putting Mary out. This isn't your responsibility, it's hers. Enjoy your inheritance. [/quote] Thelma's "kid" is 50.[/quote] People are always their parents kids, or children, no matter how old they are. Sometimes people will say "grown/adult kids/children," but frequently people just refer to the kids or children of so-and-so, even when they are elderly. My cousin and his siblings were left their mother's house, even though they were in their 50s and 60s when she died. One of the brothers was even living in the house at the time. I recently saw the child of one of these cousins and asked how they had handled the situation, since it had similarities to this case. They didn't do anything- the brother just stayed in the house and paid the taxes and maintence while he lived there. No one thought to push him out because he'd made some bad choices earlier in his life and he had a job that paid enough to live on but not much more. His mother never thought to leave the house to a great niece, instead of her own children. Eventually, the brother wanted to move, so they all helped him put the house up for sale and then they split the proceeds equally. (The tax basis for the house was the value on the day the mother had died, so there were no tax consequences in waiting. The value had gone up in the years since the mother's death, but not enough to trigger tax on the profit.) [/quote]
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