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Archae

(46,262 posts)
Sat Feb 27, 2021, 12:53 PM Feb 2021

I was thinking about a Trump family news story I just read...

How Trump's niece is suing Donald and a couple others for cheating her out of millions.

Want to break apart a family? Have a family will that is not 100% with all the I's dotted and t's crossed in a will.

When my Mom died last October, fortunately everything was set down in stone. (So to speak.)

So there is no fights (at least none I know of,) going on in my own family over an inheritance.

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I was thinking about a Trump family news story I just read... (Original Post) Archae Feb 2021 OP
Fred's will was set in stone, I believe. gab13by13 Feb 2021 #1
But Donald had his father either execute a codicil or a new will altogether no_hypocrisy Feb 2021 #3
100% agree Siwsan Feb 2021 #2

gab13by13

(20,876 posts)
1. Fred's will was set in stone, I believe.
Sat Feb 27, 2021, 12:58 PM
Feb 2021

Why would that stop Trump from shafting his niece. Laws are made for suckers according to Trump.

no_hypocrisy

(45,785 posts)
3. But Donald had his father either execute a codicil or a new will altogether
Sat Feb 27, 2021, 08:18 PM
Feb 2021

a few years before Fred died. Fred had dementia for about a decade before his death. Mary is alleging (among other things) that Donald controlled his father and directed how HE wanted the distribution to be changed. (Undue Influence) The will was flawed even before you begin to discuss distribution.

Siwsan

(26,178 posts)
2. 100% agree
Sat Feb 27, 2021, 01:21 PM
Feb 2021

My mother's estate documents were updated almost immediately after my dad died. She never stipulated where valuables like her jewelry would go - she knew her kids well enough to have faith we'd take care of that, ourselves. Mom had put her house (fully paid for) and investments into a trust, to be split equally between her 3 children. Life then threw us a curveball. My sister died 3 weeks before mom. Mom had Alzheimer's so there was no way to update her will. In the stress of the whole situation, the need to do that never crossed our minds. The problem that occurred is, there was no allowance, built in to the investments, to address that situation. We couldn't just assign my sister's 1/3 to be split between her kids.

Long story short, my brother and I each ended up inheriting 50% of the trust. We then took out and put what part of each our inheritance would have been my sisters into a separate bank account and portioned out that money, over several years, to our niece and nephews. When we sell the house (my niece and her husband are rehabbing it) that money will also be equally divided.

Now, I can see how that situation could have spiraled, badly, in a family unlike ours. In fact Mom's financial advisor said she had seen families go to total war over far less money.

Moral of the story: Try and think of every possible scenario when writing a will or a trust.

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