We have one daughter and one son. My husband and I try to split everything equally. Unfortunately, we made a bad decision (I think) by making them co-executors of our estate, should something happen to us simultaneously.
My husband was executor of his mother’s estate and there was a lot of paperwork to fill out and sign. He was in a different state than the attorney, so it was challenge. My children live in different states and I don’t think we’ve done them any favors by making them co-executors. We don’t have a resolution. I hoping they will discuss it and help us decide what to do.
My son brought up concerns about making the mortgage payment if we’re not around. I thought that was a good question, but couldn’t provide an answer. We’re going to discuss it with our financial person to find out the answer.
Every family I know struggles over family estates. I know of more than one family where siblings and parents stopped talking to each other over money. I don’t know if we can prevent that from happening. I glad we had a family meeting.