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Subject:
dividing family possessions
Category: Family and Home Asked by: wheezy51-ga List Price: $5.00 |
Posted:
12 Jan 2005 08:25 PST
Expires: 11 Feb 2005 08:25 PST Question ID: 456122 |
If my first gift I gave my mother, after I began working, was china and silverware, does that give me the first right of refusal when my parents die? |
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There is no answer at this time. |
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Subject:
Re: dividing family possessions
From: jack_of_few_trades-ga on 12 Jan 2005 08:35 PST |
A gift is a permanent transfer of ownership without expectation of any repayment. Officially your mother has the right to give the china/silverware to anyone she wants in her will. If she has no will then the state (court) will decide who gets what. If your siblings/other relatives want you to have the china/silverware that you gave her then there is little doubt that you will end up with it, but since it is officially your mother's possession they have as much right to it as you do should she pass away without leaving it in her will. Typically upon death without a will, possessions go to these people in this order: (1) your spouse; (2) your child(ren); (3) your parents; or (4) your estate. **Note that the spouse is usually entitled to everything before the children are entitled to anything. |
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