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Family of Origin
Never disinherit your kid
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<blockquote data-quote="svengandhi" data-source="post: 725906" data-attributes="member: 3493"><p>This post somehow came up on my radar again and I decided to read it all again.</p><p></p><p>I have one further comment. Sometimes, fair is not always equal.</p><p></p><p>People who are on benefits should not inherit money because if they do, it can sometimes be seized to reimburse the government for the benefits and, if it's a large enough amount, it can cause the person to be disqualified from receiving further benefits. IF you have someone in your family who is on public benefits and you want them to inherit, you need to see an attorney to determine if a special needs trust is appropriate as that can shield the money from lien holders until the death of the special needs person. </p><p></p><p>My mother in law has disinherited my sister in law. Primarily, the reason is that sister in law is on tons of benefits that are lienable and why throw money away. Secondarily, is that sister in law is a nasty piece of work who is abusive to her 90+ year old mom and spends every penny she has. H will inherit all, which is basically only the house she lives in. H and I have promised that we will spend a set amount on sister in law from the proceeds of mother in law's house. It is a promise of honor that we will keep even though sister in law is a nasty person.</p><p></p><p>As for me, I still don't see any reason to disinherit any of my kids, thankfully, but if I ever have grandchildren, I will set up 529's for them.</p></blockquote><p></p>
[QUOTE="svengandhi, post: 725906, member: 3493"] This post somehow came up on my radar again and I decided to read it all again. I have one further comment. Sometimes, fair is not always equal. People who are on benefits should not inherit money because if they do, it can sometimes be seized to reimburse the government for the benefits and, if it's a large enough amount, it can cause the person to be disqualified from receiving further benefits. IF you have someone in your family who is on public benefits and you want them to inherit, you need to see an attorney to determine if a special needs trust is appropriate as that can shield the money from lien holders until the death of the special needs person. My mother in law has disinherited my sister in law. Primarily, the reason is that sister in law is on tons of benefits that are lienable and why throw money away. Secondarily, is that sister in law is a nasty piece of work who is abusive to her 90+ year old mom and spends every penny she has. H will inherit all, which is basically only the house she lives in. H and I have promised that we will spend a set amount on sister in law from the proceeds of mother in law's house. It is a promise of honor that we will keep even though sister in law is a nasty person. As for me, I still don't see any reason to disinherit any of my kids, thankfully, but if I ever have grandchildren, I will set up 529's for them. [/QUOTE]
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Never disinherit your kid
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