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Will problem
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The wording in the will an the rules of abatement might come into play here.
probably worth working out what should happen should the care fees not eat up everything.
Does the interest in possession trust come first so that the beneficiaries don't see anything from that till the house is sold.
Then what happens to that cash and how do the abatement rules work.0 -
Well, what's not clear is whether the estate would be insolvent if aunt died sooner rather than later. The cousins seem intent on executing the will, even if the estate is insolvent. I don't see how waiting for the death helps.
There's a huge difference between saying "well, mother with dementia, you were a bit of an idiot when you drew up your power of attorney, so we're walking away and leaving you to it" and "well, local council, my late mother did do some pretty dumb things with her assets and I'm leaving you to recover the money owed to you". Walking away from a dead relative's estate is not something done lightly, but is a lot less emotive than walking away from being a living relative's attorney.0 -
Well, what's not clear is whether the estate would be insolvent if aunt died sooner rather than later. The cousins seem intent on executing the will, even if the estate is insolvent. I don't see how waiting for the death helps.0
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