I gambled my entire inheritance away?
So 6 months ago my mother passed away. I was very upset because my father had also passed away and had no siblings or family on my own. She had left me about $250,000 and her car (she had sold her house and was living in a retirement home). With someone who lives paycheck to paycheck this was a serious help. I had paid down my car and credit card payments and sold off her car as well. I was left lift a little over $200,000 after that. I have always had problems with gambling but they were on and off. Unfortunately 2 months ago I went to Las Vegas with my friends. I had only lost about $500 during that trip but I was hooked again. Almost every day (I'm only an hours drive from Vegas) I would go to the casinos and be the high roller I thought I was. During the peak I was losing a few grand a day. Last week I went to get more chips with my debit card but it was denied. I check my balance on my phone and it was like $2(I had stopped using credit cards because I hate being in debt). I was going to drive home but I was so low on gas it wouldn't be worth it. I hitched a ride home but had to walk the last 5 miles. I took the last $200 I had to get a bus back, gas up, and drive home. I have about $50 to my name now. I know I have a problem but dont know what to do. I'm only 29 and hope to have a family someday. Any advice on what to and how to stop this problem will help.
Should I share my inheritance with my siblings?
After a bitter estate battle with both my siblings and my Father's partner the estate was finally settled a week ago. While my brother and sister have spent the majority of the last 2 years overseas I have been here in Australia trying to pay my father's bills and handling part of the estate. My father's partner contested the will and won the major share of my Dad's one million dollars. At the end of this palarva I inherited $244,000 and my brother and sister $79,000 each. They now seem to be in this awful email war with me demanding that I share the amounts equally. Should I, shouldn't I? Since my father's passing I have lost my job as a lecturer (they refused to give me time off to grieve so I quit) and now work as a Receptionist. I have no home, I share a room with friends. So I'd like to use the money to buy a small apartment in Sydney and get my life back on track. I did offer to share the amounts with them and now I'm breaking my promise to them. I think whether I give them some of the money or all, we will never be a family again and they absolutely hate me for all the trouble I am causing them now. I wish they could direct all this angst on my Dad's partner but it seems I am the selfish one. So I send this plea out onto great superhighway. Please advise my dilema....
What happens to my inheritance if I die before my parents?
You have no inheritance. If you die first, you never will.Your parents — or the surviving one if one dies first — get to decide entirely. They can give it all to you, or split it between you and siblings if you have any, evenly or unequally.They could skip you and leave it all to a cousin you never knew you had.It’s their money while they live; after, their will determines.
Have you ever been left out of a major inheritance?
That’s a straightforward question but thought provoking if you really look at it.What is inheritance? It’s the formal labeling of assets on planet Earth that existed or were made or would have existed or gotten made even if I was not born, and instead of me someone else would have found their name on it. All of us are born stark naked, not even cushioned in a pair of clothing. All we bring into this world is an intellect, a pacing heart with the excellent ability to emote, a memory to remember worthwhile moments, an ability to think and adapt based on experiences.Inheritance in terms of materialistic possessions is often over rated but it does have its benefits. The beneficiaries in this case suddenly become more robust socially and financially with such a life changing event. However it’s up to the individual to make it count or not.I believe the real value of inheritance when translating from elder generations to offsprings should be focused on the following:Ideals and principlesSelf beliefDecision making abilityAbility to handle stressStaying motivatedEnjoying life rather than wading through itIf the aforementioned assets are what are passed on to the oncoming generation, they will have the ability to look within and find ways to pile up their own materialistic collection and flaunt it, maybe with more pride.So to answer the question, no I don’t feel I have been left out of inheritance. I have managed to hold on to as many pearls of wisdom as I could.
Husband assumes my inheritance is his?
You're right, it's yours. It's your choice what you want to do with it. Most of the answers you've gotten are pretty rude and retarded. My ex husband kept his inheritance a secret from me the last year of our rocky marriage, and I discovered it in the middle of our divorce. My lawyer made it clear that I had no rights to that money, never did. The "whats yours is mine, mine is yours" saying does not apply here. I feel the same way as you do. If this happened to my current husband while we we happily married, I wouldn't feel entitled. I may expect him to do certain things for our kids, and would hope it would be family money, but would understand if he wanted to keep some in an account just for himself, just in case. Call it negative thinking, but **** happens! If it were my inheritance, I would talk to a lawyer and find out what I could do to protect myself if need be in the future if I make certain investments. Paying your house off would benefit you both....now. But, you never know what could happen 5 years down the road. People change. So, you invest all of your money into it, and he gets half if you sell during a divorce. I'm sure the issue could have come up in a better way. You're human, it happens, people speak before they think. You could apologize for the way it came up, but be honest with him in the way you feel about it. And talk to a lawyer and see what you can have put in place to protect yourself if things take a turn for the worst in the future if you make a major investment.
Should I share my inheritance with my step brother and step sister?
My step father (who I call Dad) passed away and I have a brother and then a step brother and step sister. My brother and I had the same mother and my stepfather was like my real father. My mother and him were married for 40 years before she died. The step brother and step sister's mother and my dad were married for short period of time. My brother and I were left majority of inherientence and now my step brother and step sister aren't speaking to us which hurts. Dad did this because he felt they didn't come around often enough. Also, half of his money was our mom's money. They think we should share our wealth with them. What is the right thing to do in this situation?
Have you lost your inheritance because of a new step mother?
I have not lost an inheritance, or had my inheritance eaten into by or because of a new step-mother… but I have spoken to quite a few heirs who have. As a consultant, I talk to heirs all the time. And this new step-mother issue — the second, frequently younger, wife of a middle aged or even elderly, dad… often decides, hey why should I share my husband’s estate with his biological adult children — who don’t even like me. And more often than not, they don’t like her. Frequently, the younger step-mother, often close in age to the deceased dad’s oldest daughter, has indeed married the dad for his money. Sorry… but it’s often the case.So because of this common conflict between a dad’s children, and his second wife, often a much younger woman… I have seen many heirs, during probate, decide to get their own personal estate lawyer — basically because they don’t trust the step-mother…. they don’t trust the estate attorney of record, and perhaps they don’t trust the executor either. And the heirs that don’t have deep pockets, which many middle class heirs do not these days — and don’t have the type of credit needed to get a large bank loan — search around for other ways to get a large loan or cash advance. Frequently, these heirs turn to to getting a loan on inheritance to hire their own attorney… by borrowing against inheritance… so they research inheritance loans, inheritance advance, estate loans, probate loans, inheritance advance loans or probate advance loans — online… they get inheritance advance rates, or inheritance loan fees from one of the several established inheritance loan companies online, to get the lowest rates for an inheritance cash advance, inheritance advance or inheritance loan, estate loan or probate advance assignment.So these motivated heirs usually get an inheritance loan, or estate loan, probate loan or inheritance cash advance or inheritance advance or probate advance loan assignment — from a seasoned probate advance, probate loan, or probate cash advance or estate cash advance, estate loan company like www.heiradvance.com, www.inheritancenow.com or www.inheritanceadvance.com; inheritance advance or inheritance loans companies that have been providing inheritance loans to heirs for decades. It won’t make them wealthy, but it frequently makes those insecure heirs feel a whole lot more secure, with their own attorney watching their back, so to speak. And that’s worth a lot, in my view.
How do I go about getting my inheritance that my grandpa left me?
My grandpa was very wealthy, and told me before he passed he was leaving me a very comfortable amount. Based on how much money he had I think it's a large amount. For that past six years my family has told me the money is "tied up in investments"I bought the bs for years but I realized this is a lie. How do I go about finding out how much money is owed to me? What kind of attorney do I get? This is a serious post so please only reply if you have some kind of background or knowledge that pertains to this issue. Thank you!
My aunt stole my inheritance. Should I pursue legal remedies and retrieve my entitlement?
Far, far too little information to provide any meaningful answer. If a potential client were to come to me with this kind of problem, I'd need to know:The size of the estate. Legal work is expensive. Basic cost-benefit issue.The text of the will/trust.The exact facts on which you base your claim.ALL the relevant documents.Who was the executor/trustee of the estate, and is he/she represented by counsel. Almost certainly I'd need more than that, but this would be a starting point.In most cases where a potential client has told me that he/she has this sort of a claim, the claim has either been without merit or not worth pursuing. See a qualified lawyer to discuss your issue. If there is a lawyer referral service avaiable to you, you may be able to get an inexpensive consultation to determine if there's anything worth pursuing.
How long will it take to receive my inheritance once the accountant figures out the tax?
A2A - in the USA? This will vary by state and where the inheritance is coming from.If it is from a will here in Michigan there is a mandatory 90 day waiting period for creditors to come forward.A trust? That is actually going to depend on the terms of the trust. However, having been a trustee in the past for an estate I would not expect it for a while. Quite awhile.There is much that the trustee has to do. Pay off debts first. Then liquidate the assets then file the trust returns. When working with trustees - as a CPA - I ALWAYS (pay attention now because a CPA very seldom uses the word ALWAYS or NEVER) recommend that 25–33% of the assets be retained in the trust in a savings account for 3 years to cover any potential audit of the trust and any potential taxes that might be do. If it is a fairly large trust or estate it MIGHT not be unusual for it to take over a year for the first distribution to occur and then the final distribution in year 4 years or more.