Illegal or just plain stupid?
The man and the woman in this story were divorced 4 years ago. Mr EX moved away to MT where he proceeded to play with his toys and drink until he dropped dead 3 weeks ago. Mrs EX is my sister and naturally has no say in his affairs. Their two kids (mid 20s) have no money of their own and after a few tears being shed are in a rush to get their hands on whatever property/money they can. They borrowed $4000 from their dad’s union buddies to drive out to MT and get this ball rolling (/sarcasm yeah…they’re going to be in a big hurry to repay that…not!). They had a yard sale to get rid of what they didn’t want, put into storage things they still want but cannot move immediately, and loaded up the things they could move and returned with them. Among other things, this includes a large ATV that is not paid for yet and a two-year old car that was purchased only 2 months prior. To the best of my knowledge there is not enough life insurance money to pay them both off. There was enough to pay final expenses and keep the property taxes paid until the house gets sold.
The rest of this is just educated guesses on my part since the kids don’t want me involved in their business (and I don’t want to be!) but I’m concerned that any negative consequences will screw up my sister’s life more than it already is. Whoever holds the notes on these two vehicles will soon come looking for them when the payments stop and unless the kids fess up the creditors won’t know where to find them. The car has valid tags now but the kids have no title of any kind (the lien holder has it) so they won’t be able to get new tags when the time comes. And I would bet my bottom dollar that dad’s car insurance died with him and that there is no coverage on the car now. The kids claim that a MT lawyer is advising them, but what they have done so far doesn’t strike me as the sort of things a lawyer would tell them to do. If this turns out to be a fairy tale, it wouldn’t surprise me one bit. Again, I don’t know for a fact that things are exactly as I have described them but if they are…what sort of trouble are the kids in? Grand theft? Fraud? More? Should I just keep my mouth shut and let the chips fall where they may?
GrtArtiste
The man and the woman in this story were divorced 4 years ago. Mr EX moved away to MT where he proceeded to play with his toys and drink until he dropped dead 3 weeks ago. Mrs EX is my sister and naturally has no say in his affairs. Their two kids (mid 20s) have no money of their own and after a few tears being shed are in a rush to get their hands on whatever property/money they can. They borrowed $4000 from their dad’s union buddies to drive out to MT and get this ball rolling (/sarcasm yeah…they’re going to be in a big hurry to repay that…not!). They had a yard sale to get rid of what they didn’t want, put into storage things they still want but cannot move immediately, and loaded up the things they could move and returned with them. Among other things, this includes a large ATV that is not paid for yet and a two-year old car that was purchased only 2 months prior. To the best of my knowledge there is not enough life insurance money to pay them both off. There was enough to pay final expenses and keep the property taxes paid until the house gets sold.
The rest of this is just educated guesses on my part since the kids don’t want me involved in their business (and I don’t want to be!) but I’m concerned that any negative consequences will screw up my sister’s life more than it already is. Whoever holds the notes on these two vehicles will soon come looking for them when the payments stop and unless the kids fess up the creditors won’t know where to find them. The car has valid tags now but the kids have no title of any kind (the lien holder has it) so they won’t be able to get new tags when the time comes. And I would bet my bottom dollar that dad’s car insurance died with him and that there is no coverage on the car now. The kids claim that a MT lawyer is advising them, but what they have done so far doesn’t strike me as the sort of things a lawyer would tell them to do. If this turns out to be a fairy tale, it wouldn’t surprise me one bit. Again, I don’t know for a fact that things are exactly as I have described them but if they are…what sort of trouble are the kids in? Grand theft? Fraud? More? Should I just keep my mouth shut and let the chips fall where they may?
GrtArtiste