So I just realized my father will get half of what I have when I'm gone

[NothingElseMatters]

That's cool. He has never done anything for me and left my mother when I was just a baby.

 

[justagirl]

I'm not sure where you're from... Could you create a will that will direct it all to your mother/another person you would want to leave your things to?

 

[NothingElseMatters]

Even if a write a will, I can only do that to 50% of what I have, the other 50% will necessarly go to my parents. I wish I could left 100% to my mother.

 

[gus.nixon]

Not sure how much $$ you're talking about but you could spend it all now, live it up Miami Vice style and then CTB. I'm talking Lambos, penthouse rentals on the beach, the works.

 

[Into The Void]

I'm glad I made a will, Still need to work on a advance directive.

 

[justagirl]

Even if a write a will, I can only do that to 50% of what I have, the other 50% will necessarly go to my parents. I wish I could left 100% to my mother.

Is selling assets and writing a check to your mother, or withdrawing all your money in cash and hiding it in her home, an option?

 

[WornOutLife]

Damn, I'm sorry to hear this but, what about selling all your stuff and spending all that money? In that way, nothing would be left for your father.

Also, you could leave all of it in some safe in which only your mother has access to.

 

[NothingElseMatters]

Is selling assets and writing a check to your mother, or withdrawing all your money in cash and hiding it in her home, an option?

Its a reasonable amount of money, so I cant do that

Damn, I'm sorry to hear this but, what about selling all your stuff and spending all that money? In that way, nothing would be left for your father.

I dont usually spend money so I wont have any idea how to spend that and I would like to give to my mom that way she is gonna have a better life.

 

[WornOutLife]

I dont usually spend money so I wont have any idea how to spend that and I would like to give to my mom that way she is gonna have a better life.

That makes sense!
I wish your mother could get that money.
The only thing that comes to my mind is sell all your stuff while you're alive, give it to her and make her open a bank account so that she can deposit all of it there.

Hope you can sort this out!

 

[loopylou]

I need to make a will. I'm going to start my notebook for my family so they know what to do with me once I'm gone. I have enough in cash to pay for the cremation and I already personally own a burial plot that I could go in

 

[yeahwellso]

That's cool. He has never done anything for me and left my mother when I was just a baby.

How did you end up having anything to leave behind? If I leave life now, it's with a negative net worth.

 

[justagirl]

How did you end up having anything to leave behind? If I leave life now, it's with a negative net worth.

I feel this on a deeeeeeeep level. Thankfully my student loans will disappear when I do, but that doesn't help my credit card debt or existing medical debt. One major factor of guilt I have. At least my life insurance will cover all of it and still leave some for my family.

 

[SuicidallyCurious]

Why's that? Write a proper will. You stated there may be some issues with that , so just gift the assets while you are still alive. Put them in a trust. If you set the trust up with a proper attorney she will have no way of knowing she is a beneficiary until after death and finds paperwork left for her

I feel this on a deeeeeeeep level. Thankfully my student loans will disappear when I do, but that doesn't help my credit card debt or existing medical debt. One major factor of guilt I have. At least my life insurance will cover all of it and still leave some for my family.

Your life insurance should be paid directly to your family and bypass your debts if you are in a US or similar legal system. Life insurance does not become part of the estate. It will be paid directly to the beneficiaries

 

[Makko]

Even if a write a will, I can only do that to 50% of what I have, the other 50% will necessarly go to my parents. I wish I could left 100% to my mother.

Write a will so that only 25 % goes to the father, then.

 

[justagirl]

Why's that? Write a proper will. You stated there may be some issues with that , so just gift the assets while you are still alive. Put them in a trust. If you set the trust up with a proper attorney she will have no way of knowing she is a beneficiary until after death and finds paperwork left for her

Your life insurance should be paid directly to your family and bypass your debts if you are in a US or similar legal system. Life insurance does not become part of the estate. It will be paid directly to the beneficiaries

You made my day. I'm in the U.S. That makes me feel even less guilty, then. Thank you!

 

[SuicidallyCurious]

Write a will so that only 25 % goes to the father, then.

I think he doesn't understand how a will works or lives in a country with a very unconventional legal system. In a will you spell out everything. Unless there's some weird court imposed order on you I don't see why you'd be unable to leave 100 percent to a beneficiary

 

[Mentalmick]

Yeah, fuck that, I'd rather burn everything. The only thing my father will get from me is a severe blow to the jaw.

 

[Symbiote]

Everything is legal before your death. Before you CTB, write a check to your mom giving her all the money you have. If she asks why, just say "happy birthday" or "go take a vacation". While she's off celebrating on vacation, CTB. Courts can't divide any assets to next of kin because you had already done so and if you had remnants left over like stuff that no one cares about or has little value, it would be divided up 50%.

In the US, having a will in the case of your untimely death will avoid probate courts where they split the assets evenly. If your will stated that 100% of your assets and personal effects go to your mom, it will go to your mom and no one else has a say in it.

 

[SuicidallyCurious]

Everything is legal before your death. Before you CTB, write a check to your mom giving her all the money you have. If she asks why, just say "happy birthday" or "go take a vacation". While she's off celebrating on vacation, CTB. Courts can't divide any assets to next of kin because you had already done so and if you had remnants left over like stuff that no one cares about or has little value, it would be divided up 50%.

In the US, having a will in the case of your untimely death will avoid probate courts where they split the assets evenly. If your will stated that 100% of your assets and personal effects go to your mom, it will go to your mom and no one else has a say in it.

Actually if someone has a will you will still go through probate. Your wishes will be followed as long as there is no one valid to contest the will or any creditors. The executor/executrix will also get paid out of your estate at probate to compensate them for the hassle

if you want to avoid probate or atleast avoid any significant assets going through probate it would be ideal to set up a trust. Other strategies include using pay on death accounts , transfer on death deeds , etc

 

[Symbiote]

Actually if someone has a will you will still go through probate. Your wishes will be followed as long as there is no one valid to contest the will or any creditors. The executor/executrix will also get paid out of your estate at probate to compensate them for the hassle

if you want to avoid probate or atleast avoid any significant assets going through probate it would be ideal to set up a trust. Other strategies include using pay on death accounts , transfer on death deeds , etc

I think the state's have separate laws on this. Definitely check up on each of your state's laws because I'm quoting on Texas.

 

[Helpneedtips]

In my country, you can legally disown/disinherit a person so you are not legally obligated to leave inheritance for them. Maybe you could do this to your father.

And another way is to set up a trust, with your mother as beneficiary. I guess it still depends on your country's laws, but usually a set up trust is no longer part of the estate.

 

[Makko]

I think he doesn't understand how a will works or lives in a country with a very unconventional legal system. In a will you spell out everything. Unless there's some weird court imposed order on you I don't see why you'd be unable to leave 100 percent to a beneficiary

Some jurisdictions have statutory restrictions that force a certain share of your inheritance to go to blood relatives, meaning your will is only applied to the remaining share of your estate. It's not common today but it exists.

OP, consult with family law practicioner, explain your situatio and ask what you can do to minimise the share that goes to your father. It doesn't have to involve a will, there can be other strategies. If you give stuff away right before die, the estate may be able to claw it back. A family law specialist will be able to advise you on this.