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Writing a Will involving a Difficult Child
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<blockquote data-quote="InsaneCdn" data-source="post: 660923" data-attributes="member: 11791"><p>As much as possible, any valuables which must go to a specific person (such as the diamond) should be given while you are still alive. It just saves a whole lot of hassle.</p><p> </p><p>I've seen some innovative ways of handling wills and asset dispersal. It depends partly on the financial situation of the kids, the nature of their spouses, and a raft of other factors you may not even know at this point in time. Its really tricky to liquidate a house and not include that value in the asset split between the kids. The contents? The value really isn't there, usually - mostly used furniture and used household goods.</p><p> </p><p>If you want to do an uneven distribution, don't do it through the will. Take out life insurance policies on yourselves - perhaps two policies each, one for each of the two kids you want to leave extra to, or better yet, three - include a low-value one for difficult child. That way, all of them receive insurance money, and they don't have to say how much they got. It avoids a lot of hard feelings.</p></blockquote><p></p>
[QUOTE="InsaneCdn, post: 660923, member: 11791"] As much as possible, any valuables which must go to a specific person (such as the diamond) should be given while you are still alive. It just saves a whole lot of hassle. I've seen some innovative ways of handling wills and asset dispersal. It depends partly on the financial situation of the kids, the nature of their spouses, and a raft of other factors you may not even know at this point in time. Its really tricky to liquidate a house and not include that value in the asset split between the kids. The contents? The value really isn't there, usually - mostly used furniture and used household goods. If you want to do an uneven distribution, don't do it through the will. Take out life insurance policies on yourselves - perhaps two policies each, one for each of the two kids you want to leave extra to, or better yet, three - include a low-value one for difficult child. That way, all of them receive insurance money, and they don't have to say how much they got. It avoids a lot of hard feelings. [/QUOTE]
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Writing a Will involving a Difficult Child
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