Judge Gives McNair's Widow, Children $500,000 Each

[bluskyII]

NASHVILLE, Tenn. (AP) — The widow of Steve McNair has won a request to get $2.5 million from the late NFL quarterback's estate.

Mechelle McNair had asked a Nashville judge to unfreeze a portion of the estate so that she and Steve McNair's four sons could each have $500,000 until the probate case gets sorted out.

She and Steve McNair had two sons together. The other two are from previous relationships.

The estate of the former pro, who played 11 seasons with the Tennessee Titans and two with the Baltimore Ravens, was initially valued at $19.6 million. The bulk of his assets have been frozen since his death.

Steve McNair was 36 when he was killed by his mistress in July 2009. The woman shot him four times before turning the gun on herself.

He died without a will.

http://www.blackamericaweb.com/?q=articles/news/the_black_diaspora_news/22824

 

[BGLR1212000]

Good dude, many bad decisions.

 

[Whitegirllover]

who else is trying to get the money that it didn't automatically go to the wife?

 

[Flawless]

who else is trying to get the money that it didn't automatically go to the wife?

yeah thats what im thinking.

 

[Heist]

I don't get it - if he died without a will, don't the assets get turned over to the spouse by default?

That's the way it works for Social Security, Pensions, etc. etc.

 

[51 SIMPSON ROAD]

who else is trying to get the money that it didn't automatically go to the wife?

I laugh at this statement... if he died without a Will then anyone can try to stake claim. Mama, Daddy, Brothers, Sisters, Cousins, Great Aunts, Side Piece #3, Me, you, The Govt., The State... His dead uncles children... Shit gets deeper.

I have bought houses that had 22 claims on it by the deceased family members.

 

[bgque12]

who else is trying to get the money that it didn't automatically go to the wife?

I'm guessing his Mom's and Baby mom's are fighting it.

 

[Blunt]

I don't get it - if he died without a will, don't the assets get turned over to the spouse by default?

That's the way it works for Social Security, Pensions, etc. etc.

The estate still has to go through probate and a certain amount of time needs to pass.

 

[51 SIMPSON ROAD]

I don't get it - if he died without a will, don't the assets get turned over to the spouse by default?

That's the way it works for Social Security, Pensions, etc. etc.

No, if shit worked like that then this whole country would be fucked.

 

[51 SIMPSON ROAD]

His other kids have Equal share to his estate.

 

[Lola]

What the fuck? How are you worth millions of dollars and you don't have a fucking will? What the fuck, do these guys get ANY financial counseling? I mean really..WTF???!!!!

 

[51 SIMPSON ROAD]

What the fuck? How are you worth millions of dollars and you don't have a fucking will? What the fuck, do these guys get ANY financial counseling? I mean really..WTF???!!!!

Either he felt like he didn't need one... OR the Will could be "lost".

I have seen cases where the Will is purposely "did away with" due to its contents.

 

[Chiyo]

He need to drop iran a couple of dollars too. Bitch had that death pussy

 

[Amajorfucup]

I laugh at this statement... if he died without a Will then anyone can try to stake claim. Mama, Daddy, Brothers, Sisters, Cousins, Great Aunts, Side Piece #3, Me, you, The Govt., The State... His dead uncles children... Shit gets deeper.

I have bought houses that had 22 claims on it by the deceased family members.

You have no idea what you're talking about.


And its beyond sad and pathetic that this guy didnt have this shit situated and taken care of.

And in cases such as these states have intestate succession laws that go into effect and determine who gets what. Assets are typically frozen until its all sorted out.

 

[Flawless]

What the fuck? How are you worth millions of dollars and you don't have a fucking will? What the fuck, do these guys get ANY financial counseling? I mean really..WTF???!!!!

he didnt have a will because he didnt give a fuck what would happen after he is dead

 

[LegalMoney]

Generally, if a decedent dies intestate (without a will) the property within his gross estate is distributed according to the intestate succession laws of the estate's jurisdiction.

Intestate succession laws are usually derived off common law consanguinity tables, family blood-line trees. Generally, the surviving spouse is entitled to a 1/3 to 1/2 elective share of the taxable estate, then the children each have equal shares of the remaining. If necessary, then surviving grandparents of the decedent take, then brothers and sisters, then cousins, etc.

In Tennessee, the intestate succession share for a surviving spouse with surviving children is 1/3. Tennessee is interesting as it treats children of the surviving spouse and decedent more favorably than children of the decedent that are not those of the surviving spouse. The widow's children will take more proportionately than McNair's other children.

A $20 million dollar estate is decent, so expect plenty of people popping out the woodworks with writings purporting to be the will or promises made by McNair.

 

[duppy_maka]

That is some nigga shit right there.
how the fuck you going to be worth millions of dollars
have children
and don't have a will.

 

[Lola]

That is some nigga shit right there.
how the fuck you going to be worth millions of dollars
have children
and don't have a will.

I know. What a dumbass. He even died as a dumbass.

 

[Amajorfucup]

Generally, if a decedent dies intestate (without a will) the property within his gross estate is distributed according to the intestate succession laws of the estate's jurisdiction.

Intestate succession laws are usually derived off common law consanguinity tables, family blood-line trees. Generally, the surviving spouse is entitled to a 1/3 to 1/2 elective share of the taxable estate, then the children each have equal shares of the remaining. If necessary, then surviving grandparents of the decedent take, then brothers and sisters, then cousins, etc.

In Tennessee, the intestate succession share for a surviving spouse with surviving children is 1/3. Tennessee is interesting as it treats children of the surviving spouse and decedent more favorably than children of the decedent that are not those of the surviving spouse. The widow's children will take more proportionately than McNair's other children.

A $20 million dollar estate is decent, so expect plenty of people popping out the woodworks with writings purporting to be the will or promises made by McNair.

You have an impressive memory my man. Im gonna assume you hadnt looked at that shit in years yet you still pulled general rules and state law out your ass.

 

[LegalMoney]

But its been over a year already aint that long enough?

Not really. Estate administration can go on for years and years after the decedent's death.

The 706 Estate Return is due 6 months after the decedent's death. Most executors and representatives file for a 6 month estate extension. The 706 lists all the items included in the decedent's gross estate, so rounding up McNair's $20 million worth of interests should take the whole year.

I don't know how Tenn. does it, but generally a few months after the 706 is filed and completed will the Judge listen to people's claims.

 

[LegalMoney]

You have an impressive memory my man. Im gonna assume you hadnt looked at that shit in years yet you still pulled general rules and state law out your ass.

Nah fam I'm trying to get into estate planning and administration, I read this stuff nightly! The general rules and premises I didn't need, but I quickly Googled Tenn. intestate laws.

 

[BDR]

Well good thing his wife and kids of wedlock have dibs on his entire estate. Baby mommas dont got dibs on shit, the out of wedlock kids will get a retro active portion

 

[gameboy]

the irony is,,, the same kats criticizing mcnair for not having a will, probably don't have one themselves,,,

 

[Chiyo]

Well good thing his wife and kids of wedlock have dibs on his entire estate. Baby mommas dont got dibs on shit, the out of wedlock kids will get a retro active portion

Long as baby mommas kids getting shit, they will get shit too

 

[Amajorfucup]

Nah fam I'm trying to get into estate planning and administration, I read this stuff nightly! The general rules and premises I didn't need, but I quickly Googled Tenn. intestate laws.

Oh Ok. I was like, dam, this nigga here......

 

[Ryokurin]

His other kids have Equal share to his estate.

Yep. The official term is Probate. It's probably is going to take years to get all sorted out.

 

[Amajorfucup]

the irony is,,, the same kats criticizing mcnair for not having a will, probably don't have one themselves,,,

Most of these cats probably owe more in credit card bills than they have in a brick and mortar bank account. They dont need wills.

 

[Heist]

the irony is,,, the same kats criticizing mcnair for not having a will, probably don't have one themselves,,,

But they also don't have the 1/20th the assets he has either.
How are you going to last will and testament an apartment lease, car payment on a Honda Accord, your Jordan and Fitted collection, and the $382.32 in your Suntrust account?

 

[moblack]

the irony is,,, the same kats criticizing mcnair for not having a will, probably don't have one themselves,,,

Bingo...I know on all my money and stuff at work I have someone set up as my beneficiary so there aren't' any issues. I also have stated if I ever die just cremate me.

 

[LSN]

the irony is,,, the same kats criticizing mcnair for not having a will, probably don't have one themselves,,,

Maybe bcuz they don't have McNair's type of $$$ which is totally realistic...what is somebody like godofwine going to leave behind for his wife/kids? Tranny porn? Rapidshare points? Let's be real here

 

[LSN]

Bingo...I know on all my money and stuff at work I have someone set up as my beneficiary so there aren't' any issues. I also have stated if I ever die just cremate me.

I have a beneficiary but how do you go about "ensuring" you are cremated...I want to be cremated...my folks have said that God forbid I die before them that they wouldn't do it

 

[jagu]

I have a beneficiary but how do you go about "ensuring" you are cremated...I want to be cremated...my folks have said that God forbid I die before them that they wouldn't do it

Then you choose a disinterested executor, meaning someone who doesn't give a shit about your dead ass.

 

[Amajorfucup]

Then you chose a disinterested executor, meaning someone who doesn't give a shit about your dead ass.

Should be pretty easy for him to find one of those.

 

[jagu]

In GA, this kind of petition is very common and it actually is preferred over other debts. It's called Year's support. If the person died without a will, a surviving spouse with minor children can file for support in form of property to be able to maintain themselves for 12 months at least.

 

[LSN]

Then you chose a disinterested executor, meaning someone who doesn't give a shit about your dead ass.

Should be pretty easy for him to find one of those.

Hhahahahaha you bastards!