Question about a my grandmother's will?
My Boomer Tips
My dad's mother - my grandmother - pass away recently. In her will it states that she wanted her car sold and the profits divided evenly between the grandkids - there are 4 of us. My dad was not a very good son to his mother, so she only left him 0. He never called or visited. She lived in MD, and he lives in TX. If he sent her a b-day gift it was always late and I was always the one who ended up buying it and sending it from the family. Same with cards or any other gifts etc. I called her all the time. Unfortunately she passed before she met my daughter but I was sending her pics and stuff. She and my mother did not get along so my mom never made my other sibling write her or anything.
The issue is she is acutally my step grandmother, but her son, my dad, adopted me.
My mom is trying to convince my dad to buy the car, so he can have his mother's car. I think it's silly because I know my mother's motivation is solely selfish, that's just who she is - and yes, I know this for sure.
She and I were talking the other night and I told her that I felt like with anything that I got from Nanny, I think Nanny would like it best if I put it in a college savings fund or just savings account for my daughter. My mom made the comment that we - as in the grandkids - would not be getting the money and that she and my dad would hold on to it. Well if that's the case... I will never see it - again this is just something I know about my mother. She is one of those types that if she ever gives you a gift, it's not really your gift - she is letting you "borrow" it.
They don't have an attorney for the will and my dad is not even execuitor of the will... his cousin and the one who took care of his mother is.
So if my dad's cousin sells the car to him or whoever, is she obligated to give the grandkids the money directly or can she give it to our parents.
I mean if my parents get it and don't give it to us... well I am not worse off then I am not, and I think that's wrong but the moral issue is not the point.
The executor is obligated to follow your grandma’s wishes. It doesn’t matter who buys the car. The car has to be sold for what it is worth. The proceeds will be divided between the grand-kids. If you are over 18 you will get the money. Otherwise, the money should be put in a trust for you until you turn 18.
Good luck
I don’t see the issue. Your a grandkid. The will states "she wanted her car sold and the profits divided evenly between the grandkids." Therefore, the car will be sold and the profits will be equally divided between the grandkids.
If you are over 18 then you get your portion if not then the parents of the minor is the trustee of the inheiratence until the minor is 18.