My father died 10 years ago and mum died in January. Originally mums and dads wills had oldest brother and sister as executors but couple of years ago mum made it all 5 of her children. Main reason is my oldest sister lives abroad and the brother would probably just ride roughshod over all our wishes. Dad was Italian and worked hard all his life on a farm and when he retired he was persuaded to invest in a number of business by my brother. First business went bust ( brother just bled it dry ) and Dad lost his original investment (£25000 we think ). Then onto the next business which also then included my brother’s brother in law. This business was bled dry by brother and the brother in law and to keep it afloat dad was persuaded to remortgage his house ( he was by now in his seventies) and even though the solicitor advised him not to he went ahead. The other 2 parties continued to draw a salary but dad did not . This business went bust and dad had a small apartment in Italy which he sold and gave brother money to buy the business from the administrators on condition younger brother was taken on to help in the business. Basically all that money was used to pay personal debt and both brother and wife were forbidden from being company directors for 5 years for not paying for the company ( ie they kept dads money to pay personal debt)
All my other brother and sisters were persuaded to pay this mortgage and at one point it was discussed that maybe it could be made repayment so at least it would decrease. Mum and dad were persuaded without our knowledge to renegotiate it as a 50 year interest only mortgage. So I cared for my parents the last 10 years ( at least 6 of those I lived on carers allowance with a small top up from mum and dad. Brother is now a successful property developer ( or so we are led to believe ) and lives in a million pound property and drives a Porsche. So mum died leaving a £40000 mortgage to be repaid and £8000 loan for new windows ( arranged when dad died ) enough in the bank to pay for the funeral and the bills for about 6 months on the house. House is worth about £300000 and the money is supposed to be divided 5 ways. I would like to think my brother would realise that the mortgage is actually his responsibility as he profited from it not the rest of us
So should I bring up the Mortgage or let it lie and divide the money 5 ways. He rarely came near mum
After dad died and was apparently quite rude about her weight on occasions in her later years
All my other brother and sisters were persuaded to pay this mortgage and at one point it was discussed that maybe it could be made repayment so at least it would decrease. Mum and dad were persuaded without our knowledge to renegotiate it as a 50 year interest only mortgage. So I cared for my parents the last 10 years ( at least 6 of those I lived on carers allowance with a small top up from mum and dad. Brother is now a successful property developer ( or so we are led to believe ) and lives in a million pound property and drives a Porsche. So mum died leaving a £40000 mortgage to be repaid and £8000 loan for new windows ( arranged when dad died ) enough in the bank to pay for the funeral and the bills for about 6 months on the house. House is worth about £300000 and the money is supposed to be divided 5 ways. I would like to think my brother would realise that the mortgage is actually his responsibility as he profited from it not the rest of us
So should I bring up the Mortgage or let it lie and divide the money 5 ways. He rarely came near mum
After dad died and was apparently quite rude about her weight on occasions in her later years
