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(Marketwatch)   My mom had my grandfather sign a trust leaving millions of dollars to two grandkids, shunning ME. Oh, and everyone else too. How can I get my big box of Hot Wheels cars and track back?   (marketwatch.com) divider line
    More: Unlikely, Family, grandfather's trust, Grandparent, contest clauses, Sentence, ethical questions, family members, medical records  
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390 clicks; posted to Discussion » on 25 Oct 2021 at 9:20 AM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



18 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-10-25 9:43:45 AM  
Must be some kind of Jerk. Did he at least get the paddleball?
 
2021-10-25 9:45:59 AM  

Fano: Must be some kind of Jerk. Did he at least get the paddleball?


And was he born a poor black child?
 
2021-10-25 9:53:49 AM  
You should kill your mother.
 
2021-10-25 10:24:10 AM  
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2021-10-25 10:40:15 AM  
These things are complicated.  Did the one sibling do all of the elder care?  Was the jilted sibling an outcast?  Failed to complete school?  Drug issues?  We only get one side of the story here.

Family issues are complex and can be bitter. There is likely nothing that will put this family back together again.  They are forever broken.
 
2021-10-25 10:41:28 AM  
My Grandmother did this too... and you know what? It wasn't my money to begin with and I'll be just fine without it.
 
2021-10-25 10:45:41 AM  

A Cave Geek: These things are complicated.  Did the one sibling do all of the elder care?  Was the jilted sibling an outcast?  Failed to complete school?  Drug issues?  We only get one side of the story here.

Family issues are complex and can be bitter. There is likely nothing that will put this family back together again.  They are forever broken.


Yeah, there are some things not stated in the Financial Prudie Letter that impact things.
 
2021-10-25 10:46:13 AM  
My grandfather just died and everything went to... his step daughter?  Sure, fark it, why not.  I got my $20 every Christmas and birthday for 35 years.  I'm good.  Time value of money and shiat.

/Actually, I'm getting a sweater
//My mom bought it for him and didn't want it to go to a thrift store
///It is a very nice sweater from Ireland
 
2021-10-25 11:07:54 AM  
My grandfather left my brother $10 and an expired coupon for $0.30 off shake-and-bake, and I didn't get anything.  My brother never did anything to earn that money, he didn't need it, and there's no reason he deserves it, whereas me? Well, I never did anything to earn it, I didn't need it, but I had a good reason why I deserved it (it's because I wanted it).  So I hired the best lawyer I could find, dragged out the case for years, and, finally, I was awarded half.  Of course, after the attorney's fees I ended up netting -$29,995.00, but I feel I earned a moral victory.

/that bastard still has that shake-and-bake coupon though, my lawyer wasn't that good
 
2021-10-25 12:09:53 PM  
Letter writer does not deserve any $... His letter proves he didn't know his grandfather at all: ''(grandpa) worked until he was 80. .... When grandpa passed we were shocked to learn he had saved several million dollars.''

This weasel (who paid no attn, and so had no idea grandpa had $$ ) apparently stood by and watched while Grandpa continued to work past 80+ years old.  With no mention of trying to help his elderly grandad retire.

/ If my grandpa had been at working at 80?.. I would've said:  "Grandpa! - You're 80!  You've worked for over 60 years!  Don't worry about needing the money, instead come and live with us, you deserve a break !''
 
2021-10-25 12:25:32 PM  

nanim: Letter writer does not deserve any $... His letter proves he didn't know his grandfather at all: ''(grandpa) worked until he was 80. .... When grandpa passed we were shocked to learn he had saved several million dollars.''

This weasel (who paid no attn, and so had no idea grandpa had $$ ) apparently stood by and watched while Grandpa continued to work past 80+ years old.  With no mention of trying to help his elderly grandad retire.

/ If my grandpa had been at working at 80?.. I would've said:  "Grandpa! - You're 80!  You've worked for over 60 years!  Don't worry about needing the money, instead come and live with us, you deserve a break !''


For all you know gramps always said "nah, I like working and wouldn't know what to do with my time if I stopped".
 
2021-10-25 12:26:14 PM  

nanim: Letter writer does not deserve any $... His letter proves he didn't know his grandfather at all: ''(grandpa) worked until he was 80. .... When grandpa passed we were shocked to learn he had saved several million dollars.''

This weasel (who paid no attn, and so had no idea grandpa had $$ ) apparently stood by and watched while Grandpa continued to work past 80+ years old.  With no mention of trying to help his elderly grandad retire.

/ If my grandpa had been at working at 80?.. I would've said:  "Grandpa! - You're 80!  You've worked for over 60 years!  Don't worry about needing the money, instead come and live with us, you deserve a break !''


A few things to consider:

1. Lots of people work jobs that we can only estimate the salary for. +/-15,000 is the difference between dying a millionaire and dying broke, given an identical lifestyle.

2. Lots of people don't tell their kids their salary. My father has never told me his, though after dealing with his father's mess of a trust he has made it a point to have family meetings discussing his own.

3. Lots of people in that generation never wanted to retire. My grandfather didn't (died at 92 last year, worked until late 70s, also worth 7 figures). His kids badgered him to retire and he went and got a second job.

I don't think you can make the assumption you're making from the info provided.
 
2021-10-25 12:29:38 PM  

tedthebellhopp: My Grandmother did this too... and you know what? It wasn't my money to begin with and I'll be just fine without it.


Yes, your grandmother did, with what I assume was her own money. But what if your mother arranged for you to get nothing of grandma's money to the benefit of others?

Grandma deciding it on her own is one thing, mom arranging a meeting at the coffee table with grandma and a witness who has no clue what is being signed is an other.

Which makes the use of the witness doubtful if you ask me. The witness could never attest that the specific papers were signed. Just that some papers were.

Tl;dr: being annoyed with the person who screwed you out of money is normal
 
2021-10-25 12:43:00 PM  
Let the young generation have the money.  You've already farked up your life beyond any amount of money to fix.
 
2021-10-25 1:52:28 PM  

Smackledorfer: ...
I don't think you can make the assumption you're making from the info provided.
---


We'll have to agree to disagree.   From the way his letter sounded, blaming mom for his(her?) troubles, I'd say that the letter writer is the type that would have detailed all the help they gave grandad, if they'd done any.
 
2021-10-25 2:19:59 PM  

Ker_Thwap: Let the young generation have the money.  You've already farked up your life beyond any amount of money to fix.


On the other hand, money caused most of these problems.  So the proper solution is to deprive them of money, but teach them respect for the things we can't put a price on......
Nobody is ever going to do that, since it don't pay, so do that--teach our kids to love money more.  Nothing has gone wrong with this approach yet.  Nope.  Nothing but sunshine and puppies.
 
2021-10-25 3:03:08 PM  

cryinoutloud: Ker_Thwap: Let the young generation have the money.  You've already farked up your life beyond any amount of money to fix.

On the other hand, money caused most of these problems.  So the proper solution is to deprive them of money, but teach them respect for the things we can't put a price on......
Nobody is ever going to do that, since it don't pay, so do that--teach our kids to love money more.  Nothing has gone wrong with this approach yet.  Nope.  Nothing but sunshine and puppies.


That's a fine philosophy to consider, from the comfort of one's home.

I quit the rat race a while ago, I live in a cabin in the woods, with minimal possessions, and funds, and I just kind of exist simply.  Enough is as good as a feast and all that.

That said, I still have housing insecurity, if my landlady dies, I could be out on the street.
 
2021-10-25 3:03:38 PM  
Consult a lawyer who deals with trusts. Maybe nothing can be done, but a quick assessment by a lawyer will at least help the guy feel he did what he could. And the set-up of the trust was fishy.
 
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