Tubbylew
Member
- Location
- Herefordshire
Inheritance....More money more problems
- Thread starter Smith31
- Start date
Tubbylew
Member
- Location
- Herefordshire
Just my tuppence, they'd ge better off sorting out cgt so its easier to pass on whilst still alive to sort the squabbling out.
At the end of the day you can only play the cards you've been delt.
Hilly
Member
- Location
- Scottish Borders.
Take more than 1m to affect anything 1m is chicken feed these days.
- Location
- Fife
The bulk of my income is from driving loading and unloading lorries all day.
I was being sarcastic.
Tha Ulsterscot
Member
- Location
- Greyabbey Co. Down.
Be careful, Power of Attorney only lasts while your mum is alive, doing all this at the minute, but as well as POA. wife and I had to create joint bank accounts.
Dead Rabbits
Member
- Location
- 'Merica
The children were treated equally, not fairly. Those are two very different things. But you are definitely correct that talking it out would have helped.
As I see it the parents should not have been surprised. They needed to look at the likely consequences of their decision about how best to distribute their assets.
If it was a shock to them then I can’t see a situation where they weren’t just fooling themselves. Not all decisions in life are easy, but they still need to be made.
It seems to me the son had most likely done a proper business plan and knew it didn’t work out well for him and his family to carry on.
If other siblings can cash out their share in the farm guilt free, why shouldn’t he?
If the parents wanted the farm business to continue it was within their power, but they needed to make it possible for the one sibling that could make it possible.
Reading all this makes me truly thankful for the way my parents are handling their estate. I only hope when the time comes I can rise to the occasion as well as they have.
If it was a shock to them then I can’t see a situation where they weren’t just fooling themselves. Not all decisions in life are easy, but they still need to be made.
It seems to me the son had most likely done a proper business plan and knew it didn’t work out well for him and his family to carry on.
If other siblings can cash out their share in the farm guilt free, why shouldn’t he?
If the parents wanted the farm business to continue it was within their power, but they needed to make it possible for the one sibling that could make it possible.
Reading all this makes me truly thankful for the way my parents are handling their estate. I only hope when the time comes I can rise to the occasion as well as they have.
- Location
- Essex/Herts Border
No there bloody well wasnt you just butted in on a serious and interesting thread with something completely off topic and uncalled for. If you have an issue with someones views on other topics sort it out with them between the 2 of you not on the open forum!
glasshouse
Member
- Location
- lothians
Its never too late for someone to lose their marbles though and change everything round!!
Partially yes, but partially no. If it’s gifted, it’s gifted. I can’t begrudge them any future choice they make.
multi power
Member
- Location
- pembrokeshire
Yes you are correct
Hilly
Member
- Location
- Scottish Borders.
Eeeerrrr bugger off , and when you delete my posts don’t quote them it makes you look rather stoooopid .
Hilly
Member
- Location
- Scottish Borders.
Nice places in France better weather just different ways.
- Location
- South Shropshire
You fail to appreciate that most farmers have their life’s work invested in the farm, and often have more love for the business than for some or all of their children. Nothing would make them more unhappy than the knowledge that the business has beeb broken up and sold. Very sad.
Hilly
Member
- Location
- Scottish Borders.
I hope the people in the op don’t have the internet , not very nice for them having their personal issues on the internet.
Not sure which bit of your statement you think is sad, but some of it really is sad. If sadly true.
Well if the previous generation wanted the farm, and their lifes work to continue, they went a funny way about it; on the face of the information presented here.
The farming sibling does not owe it to anyone to live the rest of his life buried by crushing debt.
The farming sibling does not owe it to anyone to live the rest of his life buried by crushing debt.
QUOTE="Hilly, post: 6700455, member: 3575"]
I hope the people in the op don’t have the internet , not very nice for them having their personal issues on the internet.
[/QUOTE]
Its a bit tough, if was in a will its a public document so it would all come out sooner or later.
Having seen what a toxic will can do to the children, the death of the writer makes it impossible for there to be any resolution, at least there could be time to mend fences. Seeing your parents as flawed, you always think of them as wanting the best for you, is hard, but it is possible to love someone who you do not particulary like or like what they are doing.
I hope the people in the op don’t have the internet , not very nice for them having their personal issues on the internet.
[/QUOTE]
Its a bit tough, if was in a will its a public document so it would all come out sooner or later.
Having seen what a toxic will can do to the children, the death of the writer makes it impossible for there to be any resolution, at least there could be time to mend fences. Seeing your parents as flawed, you always think of them as wanting the best for you, is hard, but it is possible to love someone who you do not particulary like or like what they are doing.
Hilly
Member
- Location
- Scottish Borders.
Its a bit tough, if was in a will its a public document so it would all come out sooner or later.
Having seen what a toxic will can do to the children, the death of the writer makes it impossible for there to be any resolution, at least there could be time to mend fences. Seeing your parents as flawed, you always think of them as wanting the best for you, is hard, but it is possible to love someone who you do not particulary like or like what they are doing.
[/QUOTE]
Sounds like they are all alive and kicking to me , If you were them and tripped up on this thread how would you feel ?
Red Fred
Member
- Location
- Hants/Dorset border
We had this with mum, and I can see similar with non-farming friends as their elderly parents go through the same mental journey in their last years. It is often hard to accept that your mum, who has always been a rock of kindness and good advice, is losing it even though she appears rational 90% of the time. We legally divided the farmhouse in half many years ago, but in her last months, when she was needing constant care and had lots of carers in several times a day, she decided to rewrite her will so that on her death, I had a year to leave the farm, unless I married Mrs Fred (we are not officially Mr and Mrs) in which case I must leave immediately.
As it was, I don't think it could have been legally enforced, and when I tactfully read out the morning's post with the draft will, she was horrified and said she hadn't meant to do that and just wanted to leave a sum for her grandkids, but evidently she had been stewing over something a carer had told her and it had built up in her head.