farmerm
Member
- Location
- Shropshire
It's something I think about most days, my parents won't even discuss it, and I have a brother who has taken massive drawings out of the business to fund his and his family's lifestyle and schooling and a sister who is not entitled to anything having had her share out years ago but will I'm sure will challenge what is stated in the wills and happens to be the apple of my mother's eye ! Whenever I ask if everything is in order regarding wills etc I get told it is and not to worry ! As far as I'm concerned when one of my parents passes the whole lot will be to sell to sort it out ! I also have an aunt who is in her 90s that owns several properties and some land which when she passes will have a massive tax bill to pay, and none of her stuff is registered with the land registry to make matters more difficult ! I will have all this to sort out one day !
Your parents (and many like them) need to sit down together with you and you siblings, in a neutral venue, and have a grown up discussion about what assets would go to whom in the scenarios of either one or both of them dropping dead tomorrow. Would they rather explain, express and agree their wishes to you all whilst they are alive or would the rather leave a mess behind that will put large sums of their life's efforts into the hands of solicitors and courts and leave nothing but anger and resentment and destroy what ties remain between their children? If they are willing to accept the later you need to be clear you are willing to carve a new future elsewhere.