My mom is 86 yrs old. Lives w/ my brothers- one is undiagnosed Schizophrenia. My mom owns 7 homes- worth around 3 million dollars. She refused to make a Will or anything else.
I've tried to tell her that the state will take 40%. She has continued working into her 80's to pay off the last house.
She tells me, She does not care what happens when she dies. That noone cares about her so why should she care? As she gets older, she is getting harder and harder to deal with. She either gives excuses, or says she doesn't feel well.
One of my brothers is on the title of 2 of her homes. I don't know if it is 'Joint tenancy' or what.
I tried to tell her to have a 'contingency' plan, just in case, but to at least have something legally written down. To write down whatever her wishes are (besides doing nothing) and that the remainder to be equally divided among her 4 children + 1 grown child out of the country, so 5 of us. I've tried to be fair and have her include the child she abandoned many years ago.
I took her 2+ yrs ago to a paralegal, he drew up the papers, she never went back to finalize them and now refuses to go. He won't do anything. He is happy that he's paid but doesn't have to do any of the work. At the paralegals she had me as Executor (I'm my dad's too, they are divorced) and had set up a Conservatorship for my brother as she is concerned he will 'blow' thru her money and become homeless.
Any suggestions? Thank you in advance! I truly appreciate it.