Posted: March 20, 2013 at 3:05 a.m.
DEAR JEANNE AND LEONARD: My parents are establishing a marital trust that calls for my brother “Richard” to inherit both of the homes they own. That’s roughly twothirds of their estate, with the remaining one-third going to my sister and me. “Richard” and his family live rent-free in one of these houses, and my parents live in the other, a mountain home that Richard says he loves. Mom and Dad want to make the three of us co-trustees, and they’ve told us they expect us to have an “unwritten agreement” that my brother will pay my sister and me the difference between his much larger share of their estate and ours. This “agreement” seems crazy to me. Just for starters, unless Richard sold the house he lives in, he wouldn’t have the money to make my sister and me whole. Should I talk to my parents about my concerns? — Jo Ann DEAR JO ANN: Has Richard also let your parents know how much he loves their new Mercedes?
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Family, Pages 35 on 03/20/2013