Reply to are you leaving $ to siblings or parents in your will?

Forum Index » Off-Topic

Reply to "are you leaving $ to siblings or parents in your will?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]I do not recommend leaving money to anyone but your children as part of the will.  [b]I think it confused the estate and opens up the door to resentment[/b].  Also, as a practical matter, you never really know how much your child may need (think long-term illness or unemployment.)

It is incredibly generous of you to want to help out the rest of your family.  My suggestion would be that you do it now.  If you have the money to spare and your BIL is feeling squeezed, offer to pay for the new water heater, or whatever.  Or just send an anonymous check.
You may have 6mil or whatever now, and the 10% you may leave to your parents isn't a big deal, but if your circumstances change dramatically and you do not end up changing your will, you could end up giving your children $600 instead of $6,000,000.[/quote]

I agree.  Do you [b]really[/b] know the financial situation of everyone in your families.  You may think you do... but I can guarantee you don't.  And randomly divying it up based on what you think you know sounds like a disaster.

But I think the biggest issue is with the guardians of your children.  They  will be assuming a MAJOR financial responsibility and risk by taking your children on.  Why wouldn't you leave them everything?  Any number of unforseen health/job/financial situations could arise and you dont want to end up screwing these people over along with your children.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics