Been screwed over inheritence!

no1catman

Sadly my Father passed away in March - was there together with elder brother & sister.
They are both retired, had keys to Dad's house, and yes were more involved with attended to our Father before he went into care.
My brother handled the 'Estate' - he did have Power of Attorney, just as he had done our Mother's some years earlier, no problem with that. Well done, for all the hard work.
And yet, just found out the price my sister paid for the old house (1930s semi) = a discount of between 25 - 30% of the average house sales in the ajoining streets - after I've deducted 25k - to - 30k for refurbishment/moderisation!!

I have a couple of months ago had my 'inheritence cheque'.

Apart from making a comment, and having even less contact what would you do.
The ironic thing is that she is the one with the 'holier than thou' attitude!!

TheConways

Sorry - your post isn't clear. Did your sister buy the house that was to be inherited at a discount price?

How do you know how much your sister received - pehaps she received no cheque, just a discount on the property?

duchy

It's not clear what your gripe is (or with whom, your father, your brother as executor or your sister)

If you had "Power of attorney" then you presumably ok'd any financial transactions on your father's affairs prior to his death -so that makes it even more unclear.

As for what to do...... depending on the actual situation (which is currently as clear as mud) 1 Speak to your family about it 2 Take legal advice 3 Get over it and move on if money is more important to you than family and chose to allow a rift.

Mr_Toad

no1catman wrote: »

Sadly my Father passed away in March - was there together with elder brother & sister.
They are both retired, had keys to Dad's house, and yes were more involved with attended to our Father before he went into care.
My brother handled the 'Estate' - I did have Power of Attorney, just as he had done our Mother's some years earlier, no problem with that. Well done, for all the hard work.
And yet, just found out the price my sister paid for the old house (1930s semi) = a discount of between 25 - 30% of the average house sales in the ajoining streets - after I've deducted 25k - to - 30k for refurbishment/moderisation!!

I have a couple of months ago had my 'inheritence cheque'.

Apart from making a comment, and having even less contact what would you do.
The ironic thing is that she is the one with the 'holier than thou' attitude!!

As TC said, your post is not clear, however, it looks like you've been had, if that's the right term to use.

I've been reading another thread about how those of us who are only children feel about not having siblings. Your situation is far from uncommon and it's amazing how some siblings feel they deserve more and their reasoning is at times bizarre.

My ex wife's family were a case in point the ex and her older brother did very well for themselves in life, they worked hard and have very well paid careers. However, the middle sister is lazy has hardly worked and as such doesn't have such a good standard of living. Her view when their father died was that she should have most of the inheritance as the others don't need it. They should take a few 'trinkets' as a memento, that sort of thing.

And yes, the holier than thou attitude is the standard defense for these people. That and the I did everything for him/her in the last few years therefore I've earned it. You can't expect much when you...... and so on.

Good luck.

no1catman

I remember when I looked at the 'cheque' and looke surpried, my brother said "It's the same for all of us".

I'm taken aback that my sister had the temerity to offer such a - !!!!!! - low figure, and surprised my brother - who was handling the estate ) and had Power of Attorney) accepted it!!

Granted, there may be something else that I'm not aware of, but I had the update for the latest figures on the 'OurProperty' website - that's how I know what the house went for.

Whilst they have had more successful careers than myself - I have always worked (well apart from five months after being made redundant after 28 years), I'm not looking for special treatment, only an equal share.

Mojisola

no1catman wrote: »

My brother handled the 'Estate' - he did have Power of Attorney, just as he had done our Mother's some years earlier, no problem with that.

And yet, just found out the price my sister paid for the old house (1930s semi) = a discount of between 25 - 30% of the average house sales in the ajoining streets - after I've deducted 25k - to - 30k for refurbishment/moderisation!!

Power of Attorney stops as soon as someone dies. Do you mean he was the executor of the will?

Did your siblings spend 30k modernising the house and then your sister bought it at a discount?

podperson

I'm sorry I'm still not clear on it. So your sister bought your father's house at a 25-30% discount - was this her 'share' of the house, so she was technically buying you and your brother out, or did she receive a separate cheque as well?

no1catman

My sister bought the house, she organised and paid for the alterations improvements e.g. new kitchen, new bathroom, rewire, re-decorate, extend the rear reception and maybe new c/h.
I do not know how much it has cost her - it may be £15k, or £25k, no idea apart from making educated guesses.
I didn't know how much savings my Father had. I only had a rough estimate of a price for the house, based on similar properties within a 100yds, I know how much I had, and that it was the 'same for all of us'.
So the figure for the house (A) + cash (B) = 'x' /3 = the figure 'we' had each. But if the figure for the house is A+ 50k + B =X/3 = the figure we could have had.
That's as I see it, as I said there maybe something I don't know about!! Time will tell

Mojisola

no1catman wrote: »

My sister bought the house, she organised and paid for the alterations improvements e.g. new kitchen, new bathroom, rewire, re-decorate, extend the rear reception and maybe new c/h.
I do not know how much it has cost her - it may be £15k, or £25k, no idea apart from making educated guesses.

What your sister spent after she bought the house shouldn't matter to you as she will have been spending her own money.

I didn't know how much savings my Father had. I only had a rough estimate of a price for the house, based on similar properties within a 100yds, I know how much I had, and that it was the 'same for all of us'.

So the figure for the house (A) + cash (B) = 'x' /3 = the figure 'we' had each. But if the figure for the house is A+ 50k + B =X/3 = the figure we could have had.

The executor should have given out the accounts after everything was settled so you should know exactly how much your father had in savings.

What's not clear is the situation around the house sale. If you were all entitled to one-third of the value of the property, then your sister should have paid her two siblings their one-third - so it could look as if she bought the house at a discount but she was only having to pay for two-thirds of it.

All three of you should then have had a one-third share of the remainder of the estate.

Ask your brother for a copy of the estate accounts. He must have done the paperwork.

no1catman

Mojisola wrote: »

The executor should have given out the accounts after everything was settled so you should know exactly how much your father had in savings.

What's not clear is the situation around the house sale. If you were all entitled to one-third of the value of the property, then your sister should have paid her two siblings their one-third - so it could look as if she bought the house at a discount but she was only having to pay for two-thirds of it.

All three of you should then have had a one-third share of the remainder of the estate.
Ask your brother for a copy of the estate accounts. He must have done the paperwork.

No I don't care how much the work done on the house cost her, didn't think I said I did.
Understand, what yo mean with the house sale figure, but that divide two + the rest divide by three makes savings £4.5k, whereas more likely ten times that or more.
Interesting about the 'Estate Accounts', thanks.

TheConways

no1catman wrote: »

No I don't care how much the work done on the house cost her, didn't think I said I did.
Understand, what yo mean with the house sale figure, but that divide two + the rest divide by three makes savings £4.5k, whereas more likely ten times that or more.
Interesting about the 'Estate Accounts', thanks.

I have to say, you are a really difficult poster to understand!!! You seem to know what you are talking about, but everyone else is struggling to understand.

What I would be asking is: if it was agreed that your sister would purchase the house, why were you not involved in the negotiation, when the house belonged to you as much as it belonged to your brother and sister? You should have agreed a figure upfront etc etc.