Word: belchers
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...tale is becoming a more common suburban phenomenon, experts say. It makes financial sense: parents get retirement income, and kids get an appreciating asset. "With real estate prices skyrocketing in the past 10 years, people's homes increasingly make up a significant portion of their retirement portfolios," says Dennis Belcher, past chairman of the section of real property, probate and trust law of the American Bar Association (A.B.A.). For the kids, it's a way, involving minimal risk, to get into a house that they might not otherwise be able to afford...
Unfortunately, you might also find yourself on a fruitless journey. If your aunt made a will and it was probated (recognized as official by the court), says Dennis Belcher, past chair of the American Bar Association section on probate law, most states would have required all heirs to be notified within 120 days...
...uncle William Lawson describes him as "very laid back" and "a practical joker." Shoemaker-Davis sees him as a "tough guy," used to being in charge: "He has a very strong personality. He's a prankster and likes to do your typical rude guy things. He's quite the belcher...
There's no question that the problem of family disharmony is on the rise, says Dennis Belcher, chairman of the Real Property, Probate and Trust Law section of the American Bar Association (A.B.A.). There's more wealth than ever, and family relationships are more complicated as a result of the high number of remarriages and blended families. Making matters worse, among Americans 50 and older, only 17% have a will, a durable power of attorney and a living trust, according to the AARP. But even when parents have taken care of business, the potential for bad feeling runs high. "Parents...
That is the crux of the problem. Parents don't want to think about their death either, and nobody wants to talk about it. But, say experts, parents need to be parents one last time. "It's selfish not to take care of these end-of-life issues," says Belcher, "and selfish not to communicate with your kids about them." More important, it's the final statement you make as a parent. Done openly, it will ensure the greatest legacy of all: family members who remain friends after you're gone...