Why would a sole heir undervalue the Estate?
Estate located in Wisconsin. I just learned that my mother, whom I haven’t spoken to in decades, died about a month ago. My father is already deceased. My sister (I don’t talk to her either) didn’t tell me my mother died, I only found out through the grapevine. I recently received a “courtesy letter” in the mail from an attorney with a document for me to sign stating I won’t contest the will. The will is one page, I am not mentioned. I don’t want anything other than copies of family photos, my paternal grandfather’s original autobiography (my sister despises that side of the family and would not appreciate this heirloom) and a couple small items that are my personal property (all of which I doubt I’ll get but I am at least going to ask). While going through the wad of paperwork that came with the signature form I noticed my sister grossly undervalued the estate. Like, she listed it at $100,000 when the house & acreage alone are easily in the 300k range. Then there’s the contents, vehicles & equipment. I won’t bore you with an inventory, but there’s significant value there as well. Probably close to double what my sister has valued the entire estate at.
Why would my sister lie about this? The signature page says “under the penalty of perjury” so there must be some consequence for being dishonest.