Archive for May 31st, 2010
May 31st, 2010 | 
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babycakes1280 asked:
My mother and father recently did their will. They are both in the mid to late 50′s. They both in pretty decent health and more than likely will not pass away for 20 plus years. My mother told me that they left all their assets to my sister in law(my brother’s wife.) She told me that the reason she did that was because her and my father’s debts would not be applied to her estate if someone other than her children were inheriting it. I am not sure if this is right. She also stated that if she were to sell any of the assets the money would have to be divided equally between her children. She also explained that since myself and my sister already own homes and have in-laws that are wealthy and that we would stand to inherit from them when they die. My sister-in-law’s parents have already died. I told my mom that she was planning for a now scenario. My brother and sister in law and their kids are currently living with us. I believe that my parents when they did the will were thinking about the current situation. I told her that that situation could change at anytime. I was also told by someone that because they done their will together that if one died before the other then the will would be null and void. It is causing a great rift between myself, my brother and my sister and they are not even close to dying. Does anyone know how the law would apply(for NC.) Is she correct in the assumption that their debt would only apply to her children?
I am not sure about the lawyer. I do know they did it through the NC free legal aid society.
Santina Dorl
My mother and father recently did their will. They are both in the mid to late 50′s. They both in pretty decent health and more than likely will not pass away for 20 plus years. My mother told me that they left all their assets to my sister in law(my brother’s wife.) She told me that the reason she did that was because her and my father’s debts would not be applied to her estate if someone other than her children were inheriting it. I am not sure if this is right. She also stated that if she were to sell any of the assets the money would have to be divided equally between her children. She also explained that since myself and my sister already own homes and have in-laws that are wealthy and that we would stand to inherit from them when they die. My sister-in-law’s parents have already died. I told my mom that she was planning for a now scenario. My brother and sister in law and their kids are currently living with us. I believe that my parents when they did the will were thinking about the current situation. I told her that that situation could change at anytime. I was also told by someone that because they done their will together that if one died before the other then the will would be null and void. It is causing a great rift between myself, my brother and my sister and they are not even close to dying. Does anyone know how the law would apply(for NC.) Is she correct in the assumption that their debt would only apply to her children?
I am not sure about the lawyer. I do know they did it through the NC free legal aid society.
Santina Dorl
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