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RE: Will McCain Be Debt-Ridden After the Election? - 11/1/2008 6:57:00 PM   
slvemike4u


Posts: 17896
Joined: 1/15/2008
From: United States
Status: offline 		Sorry,I have to go with Candystripper here,the half-sisters offence would seem to be she was a product of the fathers first marriage....New wife new child...and you spend the rest of your life allowing the illusion that you have 1 daughter and 1 daughter only...sounds pretty shitty to me.

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(in reply to KatyLied)
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RE: Will McCain Be Debt-Ridden After the Election? - 11/1/2008 7:25:31 PM   
candystripper


Posts: 3486
Joined: 11/1/2005
Status: offline 		KatyLied, while there may be no obligation to leave anything to anyone, if you know you have more wealth than you can consume during your own lifetime, you are planning to leave something to someone. No will?  Then your estate will be probated, with your assets being parceled out among your relatives in accordsance to state law.
 
Let me give you an example:  client comes in with wife number two.  They both have the hating on the son-in-law thing going on, and what they want to do is disinherit the daughter and grand UMs and leave everything to the wife (who is much younger and who has been the wife only a brief time) with the idea that the wife will parcel out assets to the daughter and grand UMs and thereby prevent the son-in-law from ever 'getting a dime'.
 
Well, so we talk.  I explain that inherited assets are not divvided up in a divorce; I offer several trust devices for the benefit of the daughter and the grand UMs, but no joy.
 
The estate was worth millions because the husband had worked a farm all his life and paid it off and urban sprawl had driven up the value of the raw land.  Doubtless the first wife and the daughter also worked that land.
 
Eventually I just told them I didn't think I was the right lawyer for them.  Maybe they both really did hate the son-in-law to such a degree that they would rather the daughter and the grand UMs not get a dime either, or maybe the husband didn't trust me as much as he did wife number two and she had evil designs on his money.  I couldn't tell, didn't care; wasn't drafting what they said they wanted.
 
candystripper 

< Message edited by candystripper -- 11/1/2008 7:27:43 PM >

(in reply to slvemike4u)
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RE: Will McCain Be Debt-Ridden After the Election? - 11/1/2008 7:34:59 PM   
KatyLied


Posts: 13029
Joined: 2/24/2005
From: Pennsylvania
Status: offline 		I'm not talking about what is fair or unfair.  I think it is wrong for people, regardless of how wealthy (or poor) they may be to hold a sense of entitlement regarding things that are not theirs to begin with.  I really do not understand it and I never have.  

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RE: Will McCain Be Debt-Ridden After the Election? - 11/2/2008 6:43:27 AM   
UncleNasty


Posts: 1108
Joined: 3/20/2004
Status: offline 		The impact and effect of dysfunctional family dynamics frequently continues after death.

As for JM being saddled with debt after the election, it has been his decision to borrow in the hopes of being elected. Are you suggesting that he not be responsible for his debt? I'm not sure what you're suggesting, or why.

Uncle Nasty

(in reply to KatyLied)
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RE: Will McCain Be Debt-Ridden After the Election? - 11/2/2008 6:47:56 AM   
KatyLied


Posts: 13029
Joined: 2/24/2005
From: Pennsylvania
Status: offline
quote:

The impact and effect of dysfunctional family dynamics frequently continues after death.


I've seen it at family picnics.  My cousins, (3 siblings), arguing over their parent's estate, 3 years later, still not talking to each other.  I think it's stupid, and yes, dysfunctional, to become estranged over things that were not yours to begin with.


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RE: Will McCain Be Debt-Ridden After the Election? - 11/2/2008 8:14:10 AM   
DedicatedDom40


Posts: 350
Joined: 9/22/2005
Status: offline 		Hillary is working her debt off right now, shattering the record of primary losers appearing on behalf of the primary winner. The financial fix for Hillary was in before she even stepped aside.

(in reply to KatyLied)
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RE: Will McCain Be Debt-Ridden After the Election? - 11/2/2008 9:23:07 AM   
meatcleaver


Posts: 9030
Joined: 3/13/2006
Status: offline
quote:

ORIGINAL: KatyLied

Cindy McCain has many assets, don't worry about John.


I suspect John McCain isn't one of them.

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