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My grandparents both died last year (2016) and left behind a substantial amount of money (at least by my standards). Last I heard the designated administrator of the estate finished sale of all assets 3 months ago and everything was settled. So my share of the inheritance is about 100k. That was a letter from the law firm that was handling the legal stuff. I feel kinda strange contacting my uncle and basically asking "where is my money?". I do trust him 100% but would like to put that money to work ASAP. Seems 1.5 years is a bit long to wait for a check to get cut being that 95% of the money was in cash. I really dont need the money, but like I said, it should be put to work (invested) rather than sitting at a bank doing nothing.
We also have another chunk of change due to a settlement. My wife was T-boned back in 2014 (when she was pregnant) which exacerbated her existing neck issues. She has had a few surgeries before the accident and had to have another one after (that we paid out of pocket for) not to mention countless trips to the chiropractor who was kind enough to put a lien(!) on her settlement that my wife foolishly signed. A chiropractor that was recommended by her lawyer BTW. Anyway, they settled with the other parties insurance almost right away who happened to have the minimum coverage of $25k and somehow that lawyer managed to take almost half that amount. And so far they have squeezed 90k from our insurance co (underinsured coverage max 250k) that check was signed over to the lawyer almost 2 months ago WTF. Im thinking they will take more than half of that due to the typical heinous 1/3 + costs from the last 3 years of doing seemingly nothing other than waiting out the insurance co... shouldnt that 1/3 cut they get cover costs?
That said, we have a lot of money that is stuck for no good reason. Not that we should complain about the situation with the inheritance, but once again we have lawyers taking us to the cleaners. They are absolutely milking my wife, but she gets mad when I tell her this is the case. Despite all that, 2018 should be a very good year for us, money-wise... that is assuming we see any of this money by then.
We also have another chunk of change due to a settlement. My wife was T-boned back in 2014 (when she was pregnant) which exacerbated her existing neck issues. She has had a few surgeries before the accident and had to have another one after (that we paid out of pocket for) not to mention countless trips to the chiropractor who was kind enough to put a lien(!) on her settlement that my wife foolishly signed. A chiropractor that was recommended by her lawyer BTW. Anyway, they settled with the other parties insurance almost right away who happened to have the minimum coverage of $25k and somehow that lawyer managed to take almost half that amount. And so far they have squeezed 90k from our insurance co (underinsured coverage max 250k) that check was signed over to the lawyer almost 2 months ago WTF. Im thinking they will take more than half of that due to the typical heinous 1/3 + costs from the last 3 years of doing seemingly nothing other than waiting out the insurance co... shouldnt that 1/3 cut they get cover costs?
That said, we have a lot of money that is stuck for no good reason. Not that we should complain about the situation with the inheritance, but once again we have lawyers taking us to the cleaners. They are absolutely milking my wife, but she gets mad when I tell her this is the case. Despite all that, 2018 should be a very good year for us, money-wise... that is assuming we see any of this money by then.
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