http://www.straitstimes.com/breaking...house-20120828
Another brutality ... passionately brutal according to carbuncle
Music of the night
http://www.straitstimes.com/breaking...house-20120828
Another brutality ... passionately brutal according to carbuncle
Ride at your own risk !!!
Senior
when it come to $$$$....no more brother/sister..no more husband/wife...no more parent/children...
thats why the saying..money is root of all evil....
Newbie
Correction...LOVE of money. Money by itself is not evil.
Senior
edited,,,,Originally Posted by radha08
when it come to $$$$....no more brother/sister..no more husband/wife...no more parent/children...
thats why the saying..LOVE of money is root of all evil....
Junior
Is the greed for money, ...kekekeedited,,,,
Btw, u are not editing right ?
Senior
Believe such family tussle is not so straight forward.
Senior
ya maybe last time small that time the brother steal the sisters barbie doll...now become big sister sue brother..haha...hope they have fun...SUEING
Senior
That is another reason why I always tell my parents not to subject their children to such potential headaches and disputes. Neither will i subject my children to such painful disputes when I still have the capacity to dictate things.
Senior
For it to go all the way to the courts means the brother is simply selfish and unwilling to split the asset. Indeed its not so simple. 6 siblings but only 3 are in disputes??? Hmmm... the others probably also adopting the watch and wait mentality...
Senior
It is human nature. Hypothetically, if there is just a slight tinge of doubt in the will and your parents left a $100 million mansion to your brother leaving you out, I am sure you will contest the will, am I right?
Senior
Human nature indeed... it would be good if the brother is wiling to share that asset with the other siblings and the siblings would talk to the brother about it. If things escalate to the courts, it probably meant that the discussions and earlier talks have collapsed. That is my assumption but human nature it is... LOVE OF MONEY! Must learn to be contented to be happy. Otherwise even $100mil will not make a person happy coz he will always think another dollar wil make him happier... Lol!
Senior
Just think of it, how many families would break up over $100k not to mention $8 million. although you may be on gd terms with my siblings, I am very sure there will still be jealousy and feeling of hate if your parents left everything to u and nothing to them. No fault of anyone to feel that way, just natural human feeling unless that feeling is curbed by godly teaching.
Junior
Hi.. This is why I want my families to stay under ONE roof.
Junior
I think the problem is complex for the brother because he is living in the house. If the mother's estate claims the house, he has to cough out nearly $6.7M to continue staying there.
Firstly, the will excluded this asset. Secondly, the asset was under his name since 1974.
Lastly, the trust arrangement was designed to evade complications in case of a business failure... this means that it was not an honourable intent.
These rich people set up all these legal loopholes to protect their money but forgot to tie up the loose ends before they passed on leaving their offsprings to feud over it.
Junior
That is worse... when you pass on, who gets the house?
Newbie
Even if you leave a will, siblings may still contest; and their lawyer can come up with all excuses: parent was mentally incapacitated, forced to sign the will etc.
Do what my friend is going to do: she has already told her two sons that she and her husband will leave nothing for them. Their HDB flat will be sold to fund their retirement expenses. She told me that she does not have more than $1k in her savings account at any one time and yes, she has no other savings apart from CPF, which is quite miserable as she has not been holding a full time job for a long time.
Senior
Actually the parents holds the key to ensuring that possibilities of such disputes will be minimized. Parents with 2 kids must have leave something for each of them and before they hand in their I/C, must tell the kids I'm leaving this and this to you and that and that to your bro/sis. If both ok, then chance of dispute is minimized. External factors that alters the value of what is left behind is simply beyond the parents' control so that cannot be avoided liao...
Newbie
If what is reported of Bill and Melinda Gates is true, then I like their philosophy of giving their fortunes to various charities and leaving just enough for their children to be self sufficient.
Newbie
Even that can be problematic. The children may say, "Why you gave xxx to her and not me?" or "The things you gave to xxx are more expensive than the ones you gave me." This example is a true case I've come across. It never ends.Actually the parents holds the key to ensuring that possibilities of such disputes will be minimized. Parents with 2 kids must have leave something for each of them and before they hand in their I/C, must tell the kids I'm leaving this and this to you and that and that to your bro/sis. If both ok, then chance of dispute is minimized. External factors that alters the value of what is left behind is simply beyond the parents' control so that cannot be avoided liao...
And to add on, the problems get more complicated once the children's spouses are involved, which they invariably will. Often, the spouses add fuel to fire. Came across many such cases, including personal encounters.
Newbie
What if they can't get along? Don't forget, once your children get married, spouses are involved and the drama becomes more complicated.
Best not to have any expectations.
Junior
Probably influenced by Warren Buffett but not as extreme.. for the Gates "just enough" could be in millions..
Senior
That is why I mentioned parents will speak and negotiate with their children first, give them mental preparation so chance of it erupting is greatly reduced. Of course greed comes along even after things are thought to be settled. As I said, parents hold the key to reduce/minimize such conflicts but not eradicate them...
Newbie
Depends on quantum involved and individual wealth... in this case, $8m makes a difference. If $800k, maybe does not make any difference to their personal wealth after dividing, then maybe no fighting lor.
There is a price for everything... even 亲情
Senior
on a lighter note at least this family brother/sister no need to worry about..."COE/COV"....only...."SUE"....
Junior
Ya, $8m really makes a great difference. I had come across a case, only a few hundred thousand dollars and already causing so much conflict and unhappiness.
Mother was staying with her unmarried son. She passed her house title deed to her son to safekeep and instructed him that her house to be shared among the siblings. His son then passed the title deed to his sister to safekeep it because he thought that he would be the one to die first as he was so much older than his sister. In the end his sister died first and later the brother also died, the title deed was then passed back to the brother's daughter. After selling the house, profit supposed to be shared out among the uncles & aunties but his daughter's husband asked her to keep all the money, scolding her for being so stupid to share out the profit.
Senior
The mother's will should be written very carefully and indicate the share of the next generation (her kids) or auntie/uncle if only. The % of each share is clear. The will of the subsequent generation split based on the original share. The best is to sell when one of the the children pass away. It gets complicated when it passes on. This will lead to tussle amongst the cousins.Ya, $8m really makes a great difference. I had come across a case, only a few hundred thousand dollars and already causing so much conflict and unhappiness.
Mother was staying with her unmarried son. She passed her house title deed to her son to safekeep and instructed him that her house to be shared among the siblings. His son then passed the title deed to his sister to safekeep it because he thought that he would be the one to die first as he was so much older than his sister. In the end his sister died first and later the brother also died, the title deed was then passed back to the brother's daughter. After selling the house, profit supposed to be shared out among the uncles & aunties but his daughter's husband asked her to keep all the money, scolding her for being so stupid to share out the profit.
Junior
The problem is it is just a 3 room HDB flat and the older generations are not educated and not well-off.
Banned
This sort of thing usually happen when you put everyone under one roof, some will want to sell while other want to stay, some will expect to have a bigger share because they look after the old folks, while others believe it should be split equally. some family believe sons should get more than daughter etc
Senior
Human relationship is complex enough. Add in money and the complexity increases exponentially...
Senior
With Money you can buy a house but not a home.Human relationship is complex enough. Add in money and the complexity increases exponentially...
WITH Money you can buy a clock but not time.
WITH Money you can buy a bed but not sleep.
WITH Money you can buy a book but not knowledge.
WITH Money you can see a doctor but not good health.
WITH Money you can buy a position but not respect.
WITH Money you can buy bllod but not life.
WITH Money you can buy sex but not love.
Wow!, got so many things money cannot buy
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