“It seemed Kaida was a bit too anxious about her mother's estate, all of it, to be exact. It worried Gail. In a lucid moment, considering that Christmas was again approaching, Gail cleverly devised a quit claim deed giving her property to herself, Elsie, and Melanie with Kaida inheriting her mother’s share at her death. This would repair the damages done by her will. She filed this quit claim deed in a cabinet, meaning to ask an attorney about it with her potential bequests and concerns, but it slipped her mind. Instead, she shopped for gloves and slippers and bought other novelties that Christmas. She forgot to bring the deed to light.” Good IntentionsGreed QuotesSibling RivalryAging QuotesLeaving A LegacyClever QuotesFaulty ThinkingLast WillEstate Planning Quotes Book:The Fearless Moral Inventory of Elsie Finch Source: The Fearless Moral Inventory of Elsie Finch
“Kaida's attorney suggested a quit claim deed as the best vehicle for transferring Gail’s home into Kaida's name with a limiting clause for a life estate for Gail. The single page was drafted on his computer. When Gail asked Kaida why her beneficiary deed and her will were not sufficient, Kaida told her the new “trust” was more complete. It ensured that Grant and Paige would finally inherit her property at the end of Kaida’s life. It would also substantially help her build Kaida’s credit back from the bankruptcy to have her name on the deed. Gail certainly loved Kaida and her grandchildren. Gail trusted Kaida’s promise to care for her in her old age, and she believed their funds had become hopelessly co-mingled, so that sitting in the attorney’s office that day, she finally agreed to sign the trust document with a “joint tenancy life estate” on her property. It felt like a business transaction. It was only right to incentivize Kaida for her promise to care for her in her old age.” TricksDeceivedDeceit QuotesElderly PeopleSmartypants RomanceDeed QuotesSwindleStories Of LifeSwindlerEstate Planning Quotes Book:The Fearless Moral Inventory of Elsie Finch Source: The Fearless Moral Inventory of Elsie Finch