QUESTION
At what date is the estate valued for inheretence in my case?
Asked on Mar 14th, 2012 on Estate Planning - Georgia
More details to this question:
My Dad passed away unexpectedly two years ago. I was told by my Mom that he (surprisingly) did not leave a will. He worked very hard and did well financially. She gave my sister, brother and I each $10k "because he would have wanted us to have it". My Mom hasn't worked in years and recently bought 4 investment properties paying cash in order to earn rental income. Now I find out today that in the state of Georgia she was only entitled to 1/3 with the rest split amoung the children. Now she has blown through who knows how much on shopping sprees to maintain her lady of leisure lifestyle at our expense. I plan to sue for what is ours. My question is - at this point will they evaluate the assets owned as of my Dads passing or now, and will it include the properties she has purchased?
1 ANSWER
Glen Edward Ashman
First of all, you may have waited too long to act. Even if you haven't, your statement that she only gets 1/3 is plain wrong. She also, if she sought could get all or much of the estate as year's support. You made a mistake 2 years ago in not seeing a lawyer.
Answered on Mar 16th, 2012 at 9:10 PM