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Reply to "Worried about freeloader sibling when parents pass"
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[quote=Anonymous][quote=Anonymous]It is remarkable how many of you assume there will be an estate plan when only 30% of Americans even have a will. A relative just died without one; the result is that her assets are being split between the children evenly (and one of those children is going to have some significant problems that could have been avoided as a result—she’s on Medicaid). I would bet a lot more people are in this situation than posters here seem to think.[/quote] I have a will, but if you don’t have one then the state usually has a default will for you. Like pp said, it’s usually an even split among siblings, unless a spouse is alive and then it all goes to them. [/quote]
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