Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Monday, March 27, 2006

I would be afraid, very afraid

Bruce Williams is the author of a popular syndicated financial advice column entitled Smart Money.

In his March 21, 2006 column, Mr. Williams reprinted a letter from an Idaho reader who wrote:

This summer, I will be inheriting approximately $100,000.  My current mortgage balance is $40,000.  Should I use this money to pay off my mortgage or invest the entire amount?

The answer addressed the financial question but begged the question that first came to my mind, "How does the reader know he is going to inherit 100Gs?"  If were related to this reader, did not have a will, and had sufficient funds that under intestacy someone would inherit about $100,000, I would not be sleeping very well ----

https://lawprofessors.typepad.com/trusts_estates_prof/2006/03/i_would_be_afra.html

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Comments

It may be that the will is in probate, but that distributions are pending. summer is only 3 months away.

Posted by: Robert Schwartz | Mar 27, 2006 12:17:35 PM

Dear Gerry:

I hope that the word "inheriting" was not used as a term of art. Probably, the decedent is already that, and the personal representative has promised a distribution this summer.

Or, the questioner may have watched one too many episodes of The Sopranos.

Regards,

Howard

Posted by: Howard M. Zaritsky | Mar 27, 2006 12:55:38 PM

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