My Grandpa Story

Message

I65 · #21 Post by **I65** » Tue Sep 06, 2005 12:36 pm

Yes, it is a bit complex, and there is a percentage allocated to the executor of the trust off the top, so I will be getting a bit more than my "grandchild" allotment.

The woman that gave birth to me, and the bum she married live about 45 minutes away from me, so no need to buy them a ticket. I wont be having anymore contact with either of them once this is settled. Don't get me wrong, I wouldn't refuse a phone call from her, but I hold no delusions that she will ever deal with her issues, and become "well" enough to want a relationship with me.

Most people have to deal with the loss of a parent sometime during their life. Mine is just slightly complicated by the fact that she is still alive.

Congruous · #22 Post by **Congruous** » Tue Sep 06, 2005 8:28 pm

Is your father alive? If so, is he in on any of this?

I65 · #23 Post by **I65** » Tue Sep 06, 2005 9:38 pm

Actually he was very in on all of this. Because of the "missing wallet" I needed someone that could ID my grandfather, who did not benefit from the will, and could attest to his soundness of mind. My father fit that bill perfectly, and came down immediately to help me out. He actually made several trips down when other's couldn't to releive me of some of the hospital visits. He has been mostly supportive through all of this, even though we didn't see eye to eye on the whole court thing. He hoped that it would go to court so he could testify to what my grandfather said, while I just hoped (and still do) that a court battle would not ensue and all could be handled outside the legal system (which is why a trust was set up to begin with, to avoid probate).

I65 · #24 Post by **I65** » Thu Dec 08, 2005 7:07 pm

A lot of work has been put into this whole trust thing over the past few months, and much work still ahead. But I hit a milestone today I wanted to share with my friends here who have been supportive of all of this.

Today, I received the wire from the sale of my Grandfather's house. Those monies deposited into the trust checking account, along with the other monies that I corralled in the past months put the account over 1.1 million dollars.

I have 3 more accounts to finish closing, so the final number will be slightly higher. I still have estimated taxes to figure with an accountant, compute the 16 beneficiaries share of the trust, and then collect approvals from them all that they agree with the amount that they are getting. Then will come the final phase, cutting the checks.

Happy, Happy, Joy, Joy!!

silvermoon · #25 Post by **silvermoon** » Thu Dec 08, 2005 7:58 pm

congratulations Ith, it's great to hear your hard work is paying off, especially after such a long time since the last time! good luck with all that is to come, but i'm sure it will yield the same results

52FM · #26 Post by **52FM** » Thu Dec 08, 2005 10:38 pm

Ith - that is absolutely fantastic news!! So happy for you! And so glad we could all share in this!

I'm sure your grandfather is smiling at you somewhere - proud of all the work you've done.

Way to go!!

I65 · #27 Post by **I65** » Tue Jun 27, 2006 4:17 am

Today is the one year anniversary of my Grandfather's death. It has been a trying, year, but I have found a certain amount of peace over all of it at this point.

In the past year I have liquidated all of his assets, to the tune of almost 1.5 million. We donated a good sum to his church for a new baptismal font. It is his memorial, since his ashes are buried on top of his father. I am very glad that the priest suggested it, as it is a way for him to greet all of the churches new members for generations to come. After work today I should be able to pick up the tax returns from the accountant. With these, I will finally be able to send out the notifications to the beneficiaries.

That's the part that makes me hope that this is not the calm before the storm. There are 16 beneficiaries to the trust, and I need to get documentation from all of them, stating that they are in agreement with the amount of their inheritence. Hopefully it will all go smoothly.

Thanks to those of you who listened, and helped me through this year, I see real closure to this chapter of my life coming very soon.

Congruous · #28 Post by **Congruous** » Tue Jun 27, 2006 9:49 am

Grit your teeth and hang on.

silvermoon · #29 Post by **silvermoon** » Wed Jun 28, 2006 11:42 am

congratulations on all you've accomplished, and all the best for bringing this chapter to an end

I65 · #30 Post by **I65** » Wed Jun 28, 2006 12:33 pm

Thanks Guys!

52FM · #31 Post by **52FM** » Fri Jun 30, 2006 4:53 pm

Ith - I wish you nothing but peace and happiness.

And an eventless final distribution of the estate!

All the best -
52

I65 · #32 Post by **I65** » Fri Jun 30, 2006 6:13 pm

Thanks, especially for the eventless distribution part.

jm · #33 Post by jm » Fri Jun 30, 2006 6:25 pm

"[quote:2b3f18ee4d="Ithildriel65"]Today is the one year anniversary of my Grandfather's death. It has been a trying, year, but I have found a certain amount of peace over all of it at this point.[/quote:2b3f18ee4d]
My sweet, sensitive self missed all this. I'm sorry about your grandfather, and I hope the beneficiary stuff goes smoothly."

I65 · #34 Post by **I65** » Sat Jul 01, 2006 2:37 am

No problem, you were busy getting married, much more life affirming.

Thanks for the wishes!

jm · #35 Post by jm » Sat Jul 01, 2006 8:40 am

"[quote:44614f303a="Ithildriel65"]No problem, you were busy getting married, much more life affirming.

Thanks for the wishes![/quote:44614f303a]
You know, I'm still happy I got married...even on the bad days."

I65 · #36 Post by **I65** » Sat Jul 01, 2006 2:11 pm

johnmonkey wrote:
Ithildriel65 wrote:No problem, you were busy getting married, much more life affirming.

Thanks for the wishes!
You know, I'm still happy I got married...even on the bad days.

Well, that's good news.

I can't think of a lot worse than dealing with an unhappy marriage.

I65 · #37 Post by **I65** » Thu Aug 17, 2006 10:11 pm

Today I received the last letter approving my accounting for my Grandfather's estate. Wish me luck in not getting a hand cramp as I write out 16 checks totaling 1.2 million.

Congruous · #38 Post by **Congruous** » Fri Aug 18, 2006 12:40 pm

Send me some if you have any left over.

And well done, Ith. I know you will be glad when all this over. Most people would have started a war over something like this.

I65 · #39 Post by **I65** » Fri Aug 18, 2006 9:52 pm

Congruous wrote:Send me some if you have any left over.

And well done, Ith. I know you will be glad when all this over. Most people would have started a war over something like this.

Thanks Congruous.

I called my Aunt last night, when I got the final acceptance letter. She said, ok, I've been waiting to tell you this, but I was looking into trustee responsibilities, and everything said that rarely would a beneficiary sign acceptance of their share without requesting a full accounting.

I had 15 beneficiaries other than myself, not one person requested a full accounting.

For all the emotional heartache, and paperwork that was entailed, I was truely blessed throughout this entire experience. Less than 14 months to settle an estate of this size is pretty quick I hear, under the best of circumstances, and no one could claim that these were the best of circumstances.

Congruous · #40 Post by **Congruous** » Sat Aug 19, 2006 2:12 pm

It's probably because they know you are honest and wouldn't screw things up. If they didn't trust you they would have raised pure bloody hell every step of the way.