First, talk to your siblings. If at all possible, show a united front. Second, what will be your dad's reaction if you don't sign? That might help inform your decision. Third, I like the fact that you're already looking at it as your daughters' money... so, what route is best for them? Could you in good conscience give away the stake that might give them a great start in life and help your future grandkids? (I would emphasize the kid aspect when talking to your siblings.) Good luck.
How old and how healthy are your dad and his wife? If they are expected to live for a while, you won't see the money for a long time and it's not much to give up. If they can croak within the next few years then don't sign.
My sister says no way out of respect to my grandfather. My brother thinks my Dad is in trouble financially (its happened before) and wants to force him to explain the rationale behind his need to contest the will.
Vote #34 for NOT signing. Your dad is well off. I think he's being influenced by his younger wife who doesn't give a damn for you and your siblings. And as the others have said, it's your grandfather's last wishes for you and your siblings to get the cash. Don't kick dirt in his face. Your dad will get over it...or he won't.
I say this with respect to your dad, but if you take away their ages, it seems like your dad is just a stubborn son. He also seems like he's well off in terms of experience and connections. He should be fine without the monthly payments from your granddad's will.
1) Don't sign 2) Make sure none of your siblings sign either (that could tear the family apart, your dad will be easier to reason with if you stand together)
If I'm not mistaken, didn't you post a thread about him borrowing money before or was that your father in law?
You say your father is "by no means a rich man now", and that your father "just built a million dollar dream house". I think your Grandfather was a wise man.
True, Fact A has led to Fact B in this scenario. He built a house based on money he hasnt made yet with his new business. I think thats why he wants the whole chunk of cash now.
WOW! overwhelming agreement on Clutchfans. . . . MAN!!! This is a historic Thread! [Now someone will vote yes just to mess it up *grin*] Rocket River
....waiting for da1 to come in and cast the blind vote for the father because he raised mateo, etc, etc.
I see 49-1 now...it was 44-0 or something like that a little while ago. But didn't someone already side with Mateo's dad on page 1? Maybe it's just a late vote from that poster.
Ask yourself this: What is your Dad going to leave you when he passes on? It sounds like your grandfather knew what he was doing.
Others have already said it, but basically this is your grandfather's money. He's giving your dad a yearly stipend but in the end it's still your grandfather's. If your grandfather were still alive and just so happened to be giving your father a yearly allowance, would you sign a document that forced him to give your dad $200k all at once?
