Imagine leaving behind a will that not only does not benefit any relatives, but instead creates unnecessary and unreasonable hardship for them.
Indeed, the will stipulated that the elderly brother and three other siblings had to form a “management committee” to make decisions on the administration of the fund and the distribution of proceeds. To his credit, the brother was able to find a buyer willing to pay $4.45 million for the apartment, despite its condition.
For instance, while the deceased woman owed money to the bank and the condominium management, none of them demanded the sale of the property, probably because the creditors would continue to earn decent interest from the debt. The ruling meant the sale had to be called off, and the property cannot be sold until 2026, or when the creditors ask for a foreclosure.Don’t make requests that burden the family
If her intention for doing so was meant to preserve more money for her charitable causes, her wrong assumption has proved costly because her debt will continue to attract high interest until the apartment is sold. Otherwise, your beneficiaries may be in the dark on what to do when they suddenly find out about such tasks at the reading of your will.