Saturday, October 08, 2005

I Don't Want My Inheritance!

Q. How can we best block receipt of my mother's home through her will? She is living & has listed my sister & I as beneficiaries, not listing my brother who has been in big trouble with IRS. So she wants us 2 to take possession, sell, then split 3 ways; but we want nothing to do with that & all the repairs, 2nd mortgage etc. Can we file some disclaimer to avoid all the expenses? Thanks!

A. There's nothing you can do to keep her from naming you in her Will.

When she dies and the Will is probated you can disclaim the inheritance and it will pass to someone else.

Your posted comments on this and other questions are welcome.
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