There
are those conversations you have but aren't supposed to
have, because they require the death of a relative. I had
one with someone who was sort of wondering if his girlfriend's
grandfather, who adores her, would leave the property he owns to
her, thereby improving the lot of these two soon to be marrieds. I
tempered his “sort of hopeful” fantasy by asking, “Have you
read the will?” That threw cold water on the whole dream. But these
scenarios come up daily in people's lives. They are real. They do
now as my cohort's parents are reaching the ends of their lives.
In
my own case, I can attribute my “luck,” if you can call it that,
to a family that neatly and quickly dropped dead one by one. The
house my father was paying a mortgage on was protected by an
insurance policy from back in the 70's which activated when he died
and paid off the balance of the debt. This left my mother without the
monthly torpedo that could've hit her bank account for years to come.
This was a major relief to her as she had problems of her own to
work out.
Back
around the year 2000, I had a rather brusque but honest conversation
with a friend whose grasp of reality was incredibly tight. It was so
tight it was rude. I had been watching the slow degradation of my
brother's cystic fibrosis for a couple of years and was finally
accepting the notion that one day, it would come to an end...and end
him as well. What was I to do as it did end? How would his half
ownership of this house be effected should if he should rack up
medical bills passing $1 million? Would I be forced to sell this
property to pay off his creditors?
The
advice I got was both appalling and legitimate.
“Want
to know something about the dead?” I was told.
“What?
“They
no longer matter anymore. It's YOU that still stuck on this Earth and
have to live.”
“That's
a good thing” I say.
“Yes,
but YOU, not him, have to scramble to keep your ship afloat. Do you
want the drowning to yank you under too? Mother Theresa was canonized
for her grace, you won't be! Do you want to do
it the easy way or the hard way?”
There's
a pause from me as I digest that.
“Jesus,
you're MECENARY!” I tell him.
“You
HAVE to be mercenary! You think being “nice” is going to solve
this problem? Get to a lawyer and soon!”
I
managed to convince my brother to do so as he, for a brief moment,
really looked at his condition and realized the gravity of it. We
found a rather neat older lady lawyer who listened to our story and
finagled a “irrevocable trust” situation where if anything
happened to one or both of us, the reciprocity nature of the legal
action would protect the survivors. If I go, he makes out. If he
goes, I make out. You gotta love lawyers at times, some could argue
with God Himself and get you into heaven on a technicality. You
oughta see how these same lawyers set up a legal, but sham
corporation in the Cayman Islands.
**
Hurry
Up and Die Already!
...and
then there are the relatives who wished you were six feet under.
A
friend of a friend, who has no close relatives left, save for his
wife's side, is now having to deal with the buttery attention he's
receiving from them. He managed to do quite well in his life working
in DC, piling up a kitty of nearly $5 million in assets. Now that
he's pretty much “alone” in this world with no kids, brothers or
living sisters and his next closest relatives are now legally it in
line.
He'd
probably not even get a Christmas Card every year if his net worth
was under $1,000. “Uncle Paul? I haven't seen him in years!”
That would be because a poor Uncle Paul can't buy you a condo in
Punta Gorda FL should he die. But Uncle Paul really does have assets
and is now receiving some rather unwarranted attention from relatives
he hasn't spoken to in years.
“You're
not really going to leave it to them, are you?” a friend asks him.
“Well,
who else? I have no one else.”
“You're
going to give that plain Jane niece of yours, who is as boring as
wall paper paste, that kind of money? And the others? You DO know
what they'll do with it? They'll rent a G5 and blow it all in Las
Vegas...is that what you want to see happen to your 50 years worth of
work?”
“But
who else?” our rich friend protests.
“How
about leaving it to me?” says my friend, as a nice jab.
As
a retort, our Uncle Paul says, “How about I leave it to the
American Communist Party? I can you know!”
“You
can, but wouldn't you rather leave it to me instead? Knowing it'll be
spent wisely....AH HA HA HA!” he guffaws. “Christ Paul, a million
people would love to have the problems you have now...how to dispense
millions after your dead!”
Paul
relents. “I know, I know, but it's still a problem. Who do I crown
with this good luck? Who do I like well enough?”
My
friends raises he hand sheepishly and points to himself, grinning.
**
I
have a will and only because a lawyer years ago harangued me to get
one. When you finally sit down and have to pick and choose who it
goes too, it can open your eyes as to what you really want do do with
it. I've known parents who thought twice about leaving it to their
own kids, knowing what they'll do with it. That
sort of tells you how those kids turned out, huh?
There
was a line from a movie (I can't remember the title) where there was
a reading of a will. In it the deceased says, “To my nephew John,
who last year requested I “mention” him in my
will.....well...there ya go! You've been mentioned!”
Here's
another...click the pic.