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Or, they could talk to the kids before death, figure it out, and spell out the details in a will (or place the assets in a trust). Crazy, I know.
by alistairSH 2y ago
Or, they could talk to the kids before death, figure it out, and spell out the details in a will (or place the assets in a trust). Crazy, I know.
- nradov 2y agoSure, that's great if everyone is on speaking terms and able to have a civil, rational discussion about the subject. But that isn't the reality in many families.
- alistairSH 2y agoThere's no requirement to split the estate "fairly" if the family doesn't get along, so there's no need to talk to everybody - all that's required is leaving a will (or, probably better, a trust, because that avoids probate) that specifies how to split the estate.
- nradov 2y agoYou're really missing the point. Leaving a will or trust is fine from from a purely legal perspective but doesn't solve anything for family relationships if the heirs are already on bad terms. Especially if they have emotional ties to certain assets.
- Suppafly 2y ago> (or place the assets in a trust) This is key. I wish the elders in my family had done that. You don't even need to have a ton of assets for it to be worth it to protect them that way.