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Reply to "Anyone Been Disinherited?"
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[quote=Anonymous][quote=Anonymous]So how do you handle this situation: Dad had two kids from previous marriage and one kid from new wife. Dad thinks all their assets should be split equally between his three kids. New wife disagrees and thinks her own assets should go to only her kid and only his assets should be split three ways. Dad is hurt by this. [/quote] The dad should try to outlive his wife and get all of the shared assets to distribute as he sees fit. Alternatively while they are alive. he can make tax free gifts annually to the kids and their family (gift tax currently at 16k per person but it has increased over time).[/quote]
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