The total assets are $118 grand in checking and savings, plus a house valued at $100,000 (per Gaddy, we have no appraisal), plus a piece of undeveloped property that had no value associated with it (might be worthless, or worth alot), plus a car and incidentals. Mae also has a $5,000 monthly income over and above Social Security. We don't know what generates that cash flow. It could be a pension that stops at her demise, or it could be stocks/bonds that are transferable on death.
Split between the brother and sister, it wouldn't last more than two years.
Even 50 grand is a good size windfall. I daresay half the population could be convinced to let grandma, or mom, or dad, or brother or sister, "go to Jesus" a little sooner. "Better than the money going to the hospital, eh?"
Even 50 grand is a good size windfall. I daresay half the population could be convinced to let grandma, or mom, or dad, or brother or sister, "go to Jesus" a little sooner. "Better than the money going to the hospital, eh?" And so has human nature been since time immemorial.
Just a small %, but enough. Study the middle ages, for example - family slaughtering family, including children, to inherit monies and/or titles.
The Native Americans did not allow inheritance. They saw it as the danger it was. Lot of wisdom in some of the old Native American ways.
In the meantime, I'm glad I'm not rich. I don't have to worry about anyone waiting for me - or pushing me! - to die...well, at least not for material wealth ...
