Beneficiaries Disadvantages In Probate

[quincy]

Just wait until OP realizes the executor is entitled to payment to settle the estate.

OP has no idea how much work and effort it takes to settle an estate, especially one large enough to make it worthwhile to hire your own attorney.

It appears that davethewave has also been upset that the rent he has been collecting by renting out rooms in his mother’s house is being considered estate money and not his money - making it difficult for him to survive as he otherwise only collects social security.

Other notes from his previous threads: He apparently was sent back in January a “probate referee’s inventory/appraisement.” He has already received cash advances on his share so his share has been depleted by those amounts. One of the two attorneys he hired after his mom’s death also has a lien against the estate for nonpayment and that further reduces the amount he will receive. If the estate paid off the remainder of the $300,000 mortgage loan (taken out to cover mom’s in home health care needs), davethewave will still receive 50% of the house value and the house. His sister will receive the other 50% but not the house.

Because davethewave appears to have trust issues (literally and figuratively), and because he appears to have ignored earlier advice offered on how to request a detailed accounting and how to challenge the expected disbursement before the estate is closed, his best course of action is probably to find yet another attorney for a personal review.

Eventually davethewave should be able to continue living rent free in the house and rent out rooms to (hopefully) cover his expenses (which will include paying property taxes and insurance, expenses he didn’t have to consider before). Otherwise he might want to sell the house.

 

[not2cleverRed]

Just wait until OP realizes the executor is entitled to payment to settle the estate.

OP has no idea how much work and effort it takes to settle an estate, especially one large enough to make it worthwhile to hire your own attorney.

New fear unlocked.

 

[quincy]

New fear unlocked.

I certainly hope you are not having, and won’t have, the same difficulties with your family, Red. I guess there is something to be said for leaving everything you own to a charity, so there is nothing for family members to squabble over.

 

[AlmostThere]

New fear unlocked.

Is the fear of having someone receive payment for settling the estate or is it of the work involved in being executor or administrator?

 

[LdiJ]

It appears that davethewave has also been upset that the rent he has been collecting by renting out rooms in his mother’s house is being considered estate money and not his money - making it difficult for him to survive as he otherwise only collects social security.

Other notes from his previous threads: He apparently was sent back in January a “probate referee’s inventory/appraisement.” He has already received cash advances on his share so his share has been depleted by those amounts. One of the two attorneys he hired after his mom’s death also has a lien against the estate for nonpayment and that further reduces the amount he will receive. If the estate paid off the remainder of the $300,000 mortgage loan (taken out to cover mom’s in home health care needs), davethewave will still receive 50% of the house value and the house. His sister will receive the other 50% but not the house.

Because davethewave appears to have trust issues (literally and figuratively), and because he appears to have ignored earlier advice offered on how to request a detailed accounting and how to challenge the expected disbursement before the estate is closed, his best course of action is probably to find yet another attorney for a personal review.

Eventually davethewave should be able to continue living rent free in the house and rent out rooms to (hopefully) cover his expenses (which will include paying property taxes and insurance, expenses he didn’t have to consider before). Otherwise he might want to sell the house.

Apparently davethewave has deleted all of his previous threads.

 

[quincy]

Apparently davethewave has deleted all of his previous threads.

No he hasn’t. Click on the links I posted earlier. His original username was “davethewave.” Here it is “davethewave2021.” This thread is the only one using “2021.”

 

[not2cleverRed]

Is the fear of having someone receive payment for settling the estate or is it of the work involved in being executor or administrator?

The latter. The sibling who has consistently been a thorn in the side while my parents were dying is continuing to be difficult.