Manhattan Club Lawsuit

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Original Message:

Re: Manhattan Club Lawsuit (by Steven W):

Yes, Executor or administrator (no Will) MUST pay all valid debts (including arrears TMC maintenance) before distributing to beneficiaries. But this has nothing to do with WHO the beneficiaries are. If EVERYONE who might be entitled to TMC ownership disclaims, AND if the Will is properly drafted (leave the TMC interest directly back TO TMC), then the only possible legal results are (1) TMC inherits the TMC interest (if IT fails to disclaim within 9 months), or (2) the interest will escheat to the State. But ALL potential beneficiaries must disclaim. (It is your legal RIGHT under common law of likely every state—except maybe Louisiana—to disclaim; no one can FORCE a person to accept ANY inheritance.