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powdershell2002.
After years of saving and doing what it took to become a new bass cat owner life has a way of throwing a curve ball at the wrong time.My grandfather passed away leaving me his house, truck and my sister land and money.We thought from what the lawyer told us that there would be very little needed to close out everything and take care of left over needs. Not to be so, the house and land was auction off and not one red cent went too us?????His sisters and family sued me for my share and her for hers and WON going against the will. In doing so I had to pay court cost, taxes ect to a total of over 14000. I also payed off his final debts leaving me back to square one. Im the type of person who does not beleave in financing and only have my house financed.I feel like I did right in taking care of his name and credit, just really cannot beleave i was that close and now am so far again.
Man, sorry to hear that. If his sisters family got the money then they should have also inherited the debt. I can understand your theory on not financing, but the average person wont have the things he desires without it. I think its ok as long as you do so responsibly. IMO
That is a very honorable position and especially in todays mindset of leaving debt to others. We have to feel there was some wrongdoing in the handling of this and definitely some family challenges in the dissolving of the property and assets. Obviously your Parents Aunt felt somehow it was hers and her families estate. And she also forsake a relationship to challenge over money and assets. Hard nut to swallow and unless your knowingly right and gave appeals on the decision, and a restraining order on sale of assets or use of funds, pending the appeal.Doing things right may not come to benefit you here in this life, though will when it counts most. In time your approach to debt and life should put you in a position to be able afford what you want in time. Just keep building it one stick on your house as you go.
gchagler wrote: I can understand your theory on not financing, but the average person wont have the things he desires without it. I think its ok as long as you do so responsibly. IMOFirst off, so sorry to hear about this – shocking to say the least. As BCB said, you will definitely come out much better taking the high-road as you have. Having said that, really agree with gchagler here. After having spent 4 years over-seas as a medevac pilot picking up 18 year olds whos lives will be forever changed or ending in the back of my helicopter, I definitely have a changed perspective on some things. Financing is not an evil monster, if done responsibly. Waiting for 6 months can turn into a year, then 5, etc. In no way am I advocating going in way over your head in the fashion of many Americans that got us into the housing mess (although its much more difficult to borrow money now), but if you have plenty of disposable income to cover the payment, dont want to chunck out $50k large in one swoop, or, like me, your money is mostly tied up in funds that you dont want to touch – especially in todays market, then I see financing as a fine option. Yes you pay to borrow, but with good credit, you can get a pretty good rate and over pay each month as much as you can afford for an early payoff. Last edited by 60av8tor on August 22nd, 2011, 1:53 pm, edited 1 time in total.
Get a better lawyer!!!!!!!!!! Nothing about those circumstances add up no matter what state you live in. Seriously, if you didnt have your own lawyer dealing with the estates lawyer, get one. It may not be to late. You need legal help, it doesnt hurt to ask for it. Its amazing what a good lawyer will come up with, especially if something shady took place. Ask friends for a trusted lawyer theyve used and meet with the firm ASAP.Good luck.
This is why the last three years of my dads life i spent alot of time with estate lawyers getting all the is dotted and ts crossed, so things would go where he wanted them to go. A good estate/tax lawyer could have handled this easily with planning. Sorry you are experiencing this event, and just learn from it and move on. I however do not understand why you are covering debts, instead of his estate ? Get a good lawyer, and i mean now, also if grandpa had an accountant he used you might get him involved ?Good luck, D.
Thanks guys and I had a great lawyer, what happend is this. There was a clause put in his will if anyone challenge his final wishes they would lose there part. Now knowing this his sister sued me and my sister and once we countered the judge looked at it like we broke the clause in the will. Now my lawyer took this to three diffrent courts trying to get this ruling overturned and not one of these goobers would do so.The reason I will never ever finance a boat or car is I seen just how much of a fight my mother and father had keeping everything payed for and giving me and my sister what we needed in life. They both had great paying jobs and we lived in a modest home 1351 squ feet if im thinking right. I donot have a great paying job and my wife does not as well, plus this great economy of ours is hurting buisness for my company. I also have a little girl and the last thing I want to happen is to take on debt and not be able to do what is needed for her.I was looking at the 2011 Puma Adv. with a Mercury 250 Pro XS SOOOOO purdy.Just not to be, I guess im lucky to still have my 1988 Vision 158 that I bought when I was 14 teen.
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