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

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[quote=Anonymous][quote=Anonymous]I do not recommend leaving money to anyone but your children as part of the will.  I think it confused the estate and opens up the door to resentment.  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]

Well the issue is that everyone is doing fine now, but we kind of considered ourselves a safety net, esp. for one set of parents (for example, we encouraged them to get a LTCI policy, and offered to pay premiums on it in the future).

Anyway, thanks for the opinions (and hopefully no one will pass before their time and the whole discussion will be academic).[/quote]

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