That is an accurate representation if that's how they want to split the estate. However, what they keep stating is that they intended for each of the five children to receive equal amounts. My stepmother at one point asked me why her children shouldn't split her half of the estate. My reply was...
Nonsense. Don't try to shellac your short-sighted, dismissive statement. Of course any fool knows firsthand that he has the right to do what he wants with his estate. I did not present that as the basis of my query. I believe I laid out the conflicts that I wished to have addressed in a clear...
Thank you, dee_dub, actual dialogue. When we raised our questions he wondered why upon entering a QTIP arrangement, he and his wife were not free to leave equal amounts to each of the 5 children. I've since done some research on QTIPs and there does seem to be some limitations, not so much in a...
I don't think that at all. I initially recommended that he put it all in a charitable trust, but he insisted that he wanted it to be split evenly among the 5 children. I posted this to gain some insight on the law so I can respond to my father's questions, not to gather observations on my...
My jurisdiction is: Texas
Hello,
My father remarried about 15 years ago. He is 83, his wife is 62. He has 3 children, all living, all adult. His wife has 2 children, all living, all adult. His wife offered us the opportunity to look at the wills a few weeks ago. While doing so, my siblings...