Reply to My Parents are considering leaving our inheritance to charity

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If the parents die and do not leave a will, the estate gets divided among the closest kin ([b]along with the tax man[/b]).  Right?  That means the children.

The parents can opt to will their estate to other people or to a charity if they want to.  But they would have to actively disinherit their kids by writing a will to exclude them from inheriting anything.  That's the part that just seems..hurtful.

I'm trying to think of reasons why I would actively disinherit my own kids if they were reasonably responsible and our relationship was not very bad.  And I really can't come up with much.

[/quote]

Rarely. You have to have a really big estate (around $11 million for a couple) before you start to have any tax issues.[/quote]

Many states, including Maryland, have inheritance tax.[/quote]

You can get around the ~11 million limit by putting the rest in trusts then it's not considered part of the estate so you can escape the estate tax.  Ask Mitt Romney.[/quote]

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