Irish Taxi Forum

Public Area => Taxi Talk => Topic started by: silverbullet on February 15, 2023, 04:53:19 pm

Title: The last Post
Post by: silverbullet on February 15, 2023, 04:53:19 pm
https://www.sundayworld.com/crime/courts/trial-of-two-men-accused-of-bringing-dead-uncle-to-post-office-to-claim-pension-is-delayed/603871251.html (https://www.sundayworld.com/crime/courts/trial-of-two-men-accused-of-bringing-dead-uncle-to-post-office-to-claim-pension-is-delayed/603871251.html) 8)
Title: Re: The last Post
Post by: Rat Catcher on February 17, 2023, 01:07:59 pm
Immigrants?
Title: Re: The last Post
Post by: silverbullet on February 17, 2023, 07:25:47 pm
Immigrants?
They were already here...sheesh you're slow these days! 8)
Title: Re: The last Post
Post by: Rat Catcher on February 18, 2023, 12:13:39 pm
Where did they come from?
Title: Re: The last Post
Post by: silverbullet on February 18, 2023, 07:02:58 pm
Where did they come from?
The dead man's former home.
Title: Re: The last Post
Post by: Rat Catcher on February 19, 2023, 10:14:09 am
Who's property is it now?
Title: Re: The last Post
Post by: silverbullet on February 19, 2023, 07:31:19 pm
Who's property is it now?
I'd guess the man was intestate, so I'd hazard a guess at it being returned to the state. That is unless the son can come up with a reasonable sob story, and support from Sinn-IRA guaranteeing him a Trap house for less than €40 a week.
Title: Re: The last Post
Post by: Cool Boola on February 20, 2023, 10:21:12 am
If he is a promising footballer he might have a chance with the Honourable Judge?
Title: Re: The last Post
Post by: Rat Catcher on February 20, 2023, 11:54:44 am
If he's intestate does his estate not automatically go to his oldest son?
Title: Re: The last Post
Post by: watty on February 20, 2023, 06:05:51 pm
Probably a council house?
Title: Re: The last Post
Post by: silverbullet on February 20, 2023, 06:53:17 pm
If he's intestate does his estate not automatically go to his oldest son?
I'll look up the Succession Act and get back to you. In the meantime:https://www.irishstatutebook.ie/eli/1965/act/27/enacted/en/html
Title: Re: The last Post
Post by: Belker on February 20, 2023, 07:02:54 pm
If he's intestate does his estate not automatically go to his oldest son?
No, it gets complicated if intestate, with prob most of what you have going to people you don't wish to give to.

Best to make a will, I did mine last year, the majoriy of it done over the phone, only cost a ton.
Title: Re: The last Post
Post by: Bubba Ho-Tep on February 21, 2023, 12:54:43 pm
Intestate is messy, the Probate Office will require Affidavit of Attesting Witness from all children agreeing if one child is to receive probate or if it`s shared equally or otherwise.
Otherwise it ends up in Probate Court to be ruled on.
Title: Re: The last Post
Post by: silverbullet on February 21, 2023, 07:21:53 pm
Intestate is messy, the Probate Office will require Affidavit of Attesting Witness from all children agreeing if one child is to receive probate or if it`s shared equally or otherwise.
Otherwise it ends up in Probate Court to be ruled on.
Tell me about it, Bubba. I spent the last five years in court fighting a brother so that my sister got her equal share of a four-way split of the inheritance.

You'd think you can't screw up a four-way split...well you certainly can.
Title: Re: The last Post
Post by: Cool Boola on February 22, 2023, 10:58:41 am
Money changes people!
Title: Re: The last Post
Post by: Rat Catcher on February 22, 2023, 11:18:48 am
Coolock brothers having a fight "in court".... didja ever hear the likes...
Title: Re: The last Post
Post by: silverbullet on February 22, 2023, 06:41:28 pm
Coolock brothers having a fight "in court".... didja ever hear the likes...
Where There's a Will, There are Relatives.
Title: Re: The last Post
Post by: Belker on February 23, 2023, 01:03:10 pm
It was only after reading SB's 'Will' posts last year that finally twisted my arm to do my own will.

Not that I have a whole lot to leave but I would like it to go to whom I decide, rather than what a court decides.

Making a Will is a pretty simple process if you know exactly what you want, if it's simple then it will only cost a Ton.
Title: Re: The last Post
Post by: silverbullet on February 23, 2023, 07:22:09 pm
It was only after reading SB's 'Will' posts last year that finally twisted my arm to do my own will.

Not that I have a whole lot to leave but I would like it to go to whom I decide, rather than what a court decides.

Making a Will is a pretty simple process if you know exactly what you want, if it's simple then it will only cost a Ton.

Then you'll like this yarn Belker:
Whilst we go through the hustle and bustle of life there are many things we are guilty of ‘putting off’. We’ve all been there, the weeds in the garden are growing and we say to ourselves, “I’ll cut them later”, or it’s time for our dentist appointment and we say “I’ll book it later”; why? Because there’s always tomorrow, right? Well, that’s what we tell ourselves, except sometimes there isn’t tomorrow and that’s the sad case for those who pass away without a legally binding Will.

At present, half of UK adults will die without a Will in place and those who don’t have legally binding Wills have their estates and loved ones locked in gruelling court cases over inheritance disputes.

We always talk about the benefits of making a Will, which there are many. However, what we don’t talk enough about are the consequences of not making one.

One of the longest contested cases in UK history is that of the case of William Jennens’ estate. Jennens, a financier who died in 1798 was known as ‘the richest commoner in England’, with a fortune estimated at approximately £2 million. His estate was fought over by family members and legal proceedings took well over a century (approx. 117 years) without reaching a conclusion. The only reason it ended in 1915 was because the legal costs exhausted all the funds in the Jennens estate.

There are many legal issues that arise due to people dying intestate (without a Will). Here are a few famous examples:

Pablo Picasso – World-Renowned Spanish Artist
Picasso died in 1973 but had no Will due to “superstition” and avoiding the topic of death.

Distributing his estate took six years of unpleasant negotiations between his children and other beneficiaries from wives to mistresses, legitimate children to illegitimate ones, at a cost of over £21.7 million.

Prince – Music Superstar
Prince Roger Nelson the renowned musician known as Prince also died intestate. Prince died in April 2018 at 57, twice divorced with no children.

He was survived by numerous full- and half-siblings. Two of the siblings predeceased Prince, one of whom had a child. These people and others have made claims to the estate stating that they are the ‘rightful heirs’. Therefore, his estate, to this day, is still unsettled, has not been officially valued and has not been distributed.

Barry White – Grammy-winning Soul and Funk Icon
When Barry passed away he had been separated from his wife for 15 years. However, because he was not legally divorced and died intestate, she became the sole executrix of his multi-million dollar estate.

Two of his children have brought claims against his wife for stopping the regular payments they were receiving from his estate.

Heath Ledger – Australian Actor
The 28-year-old actor, who is best known for his outstanding performance playing the role of Joker in Batman, did in fact have a Will when he passed. However, he hadn’t updated it, which meant his daughter Matilda, who was born after the Will was written, would not legally inherit from his estate.

Heath’s Will left everything to his parents and three sisters, nevertheless, this case has a happy ending as the family decided to gift the entire estate to his daughter.

Bob Marley – Reggae Legend
Despite battling cancer for 8 months, Bob Marley did not make a Will. He had both adopted and biological children with several partners when he died in May 1981. His $30m estate was caught up in bitter negotiations amongst family members.

Jimi Hendrix – Rock Icon
Although Jimi Hendrix died in 1970 at the age of 27, the battle over his estate went on for more than 30 years for one simple reason: Hendrix did not make a Will.

DMX – Legendary Hip Hop Artist
And most recently we have chart-topping rapper, DMX, who was born Earl Simmons and passed away in April 2021 at age 50. He was survived by 15 children, from nine different women.

DMX, who died intestate, left behind a potentially insolvent estate. However, multiple members of his family have petitioned the court seeking to become administrators of his estate. This is because whoever is appointed as administrator will have control over the rap legend’s royalties and licensing opportunities, which is estimated at around $17.7 million.

With so much money at stake and DMX passing without making a Will, this means that his loved ones will likely be battling it out in court for years to come. And there is a likelihood that DMX’s fiancée, Desiree Lindstrom, who was with him for seven years and mother of his 15th child; will not inherit from his estate.

While the above cases are certainly tragic, the lack of estate planning is all too common among famous musicians—Michael Jackson, Kurt Cobain, and Amy Winehouse (just to name a few), all died without a Will. More recently, the legendary “Queen of Soul,” Aretha Franklin, who died in 2018, left behind four different handwritten wills, and more than three years after her death, her four adult sons are still in court over her estate.

Unfortunately, death is no respecter of persons, therefore without any planning in place, your loved ones are at risk of enduring a costly, possibly conflict-filled, and in all cases, unnecessary legal process resulting in the loss of wealth and assets.

Furthermore, estate planning does not exclusively apply to the rich and famous. Cultural icon Prince died intestate, which meant that he didn’t have a say in even the basic decision of who should inherit his estate or be his executor. Even in a much less valuable and complicated estate, those decisions are crucial. Often, what the deceased would have wanted differs greatly from the intestacy rules and/or what happens once the courts take control.

So the takeaway from Jennens’ estate and the high profile celebrities who died intestate (or never updated their Will) is that if you don’t leave an up to date Will, you might just leave chaos and confusion instead.

Writing a Will is not just about having peace of mind, but it is about saving your loved ones from additional stress whilst they are trying to grieve.

For more information regarding Wills, estate and tax planning, please contact me, Precious Igbokwe, on 0207 492 9812 or email me at precious.igbokwe@la-law.com.

http://tangledrootsandtrees.blogspot.com/2014/11/the-great-jennens-case.html (http://tangledrootsandtrees.blogspot.com/2014/11/the-great-jennens-case.html)