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A Bad Situation Caused By A Parent Not Having A Will

Estate planThis article discusses a bitter dispute between two sisters over a father’s inheritance.  The father had made one of the sisters a signatory on a bank account to help her pay bills.  He told both sisters that they would eventually split the inheritance, but he ended up dying intestate.  The jointly-owned bank account ended up passing by law to the sister that was the signatory.  She ended up keeping all of the money in the account, which was over $100,000, and as a result relations between the two sisters went south.  Dying without a Will can cause a lot of problems as families fight over the estate.  A major cause of family breakups are disputes over inheritance. 

See Quentin Fottrell, What to do when a parent dies and leaves no will, Market Watch, September 4, 2015.