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estate security prior to parent's death

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T

TMBAND

Guest
both of my parents (divorced), ages 53 & 63, live in california. they are both extremely wealthy (millions) and my only brother (27) and i (25), both living in california as well, are the primary beneficiaries in their wills. my relationship with them is good but they have refused to assist me financially since i was 18.

i am starting my own business and having trouble getting a loan.
my question:
does my parents' estates entitle me to any kind of security while they are alive?
can it serve as a form of co-signature for a loan?
does it do anything for me prior to their death?
 


I AM ALWAYS LIABLE

Senior Member
My response:

None. Until their death, you are a pauper. The only time you're entitled to any money whatsoever, or any "credit" based upon their Estate, is when you're named in the Will as a Beneficiary - - and this, only if you are not a "Pretermitted Heir". If you are, then brother dearest, and the Charities, get everything.

IAAL
 

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