Anonymous wrote:

Anonymous wrote:Chance are good that she’ll be over $14 million and you could be setting aside some money for paying estate taxes prior to distributing. Expect about $3 million.

I think the Big Bill eliminates estate taxes.

No, it just makes the threshold higher. I think $15m

Are you sure that $45 is from dividends and interest only? Or is there a chance she’s accessing principal to support her care? If it’s the latter, there’s no way of knowing how big the estate is. It could be 600k and she’s pulling what she needs even if it’s selling investments to support her bills.

Anonymous wrote:Chance are good that she’ll be over $14 million and you could be setting aside some money for paying estate taxes prior to distributing. Expect about $3 million.

I think the Big Bill eliminates estate taxes.

Is any portion of that a pension or a widow’s pension that will cease on death?

You don’t know. The financial advisor could have put her into annuities at some point.

If she’s cognitively sound, just ask her. If she’s not, or if it’s really prickly, are you close with the other siblings? Maybe one of them who is closer to her knows.

Over 10 million if she is doing the 4-5% a year withdrawal.

Chance are good that she’ll be over $14 million and you could be setting aside some money for paying estate taxes prior to distributing. Expect about $3 million.

Anonymous wrote:This type of estate will take years to go through probate. FYI.

If she has that much, she probably has it set up to pass through a trust. If so, it will be a far easier proposition than dealing with probate.

We dealt with two different estates in my family, one was set up in a trust, one was a regular will. The estate that passed through a trust was completely settled in less than six months. The one that was a regular will going through probate, with far less in value than the other, is still not settled, almost five years later. It is crazy what an executor can get away with when dealing with a will in probate.

This type of estate will take years to go through probate. FYI.

Where did you get the $45,000 monthly figure from?

Anonymous wrote:Wait—you said $45K per MONTH? She’s loaded.

Yes, we suspect this is the case, but you would never know by the way she lives her life.

Anonymous wrote:Hard to tell but usually one draws 4% on assets so if she’s drawing $45K a year she prolly has a bit over $1M. I would ballpark your 1/5 inheritance at $200K.

She draws $45k a month - so $540k a year.

Wait—you said $45K per MONTH? She’s loaded.

Hard to tell but usually one draws 4% on assets so if she’s drawing $45K a year she prolly has a bit over $1M. I would ballpark your 1/5 inheritance at $200K.

In a weird confluence of events we know we will be inheriting 1/5th of an estate that we have no idea what it is actually worth. The grandparent holding the assets is 94 years old. We know she receives $45k a month in payouts from investments - but she is unwilling to talk the actual value of the corpus of the estate and it is unclear if she actually knows as her financial planner does most things for her. My spouse and I have never lived a life where we make decisions based on expected inheritance - but we are at a point where we would like a ballpark of the inheritance as we are facing significant life/financial choices. Is there any way to figure this out without directly asking?