Easy Questions  
Free Legal Documents

Communicating Your Estate Planning Wishes to Your Heirs in Adin, CA

Communicating Your Estate Planning Wishes to Your Heirs in Adin, CA


If a man's character is to be abused, say what you will, there's nobody like a relative to do the business.
 
- William Makepeace Thackeray


Open communication from parents about their Estate Planning Wishes can give children a lifetime to adjust their expectations and ask questions about why the property was being split up the way it was. Be open and honest about your intentions—even if your heirs have to deal with unhappiness now.


Don't settle scores with a will

It can be a big mistake to favor one child over the others when you're leaving property, even if you're trying to correct past financial inequities. If you really feel that one child deserves something extra, rather than doing it in your will, consider doing it while you are still alive.

For example, if you paid for business school for your daughter and didn't give your son anything for his education, then you could give him a cash gift during your lifetime—perhaps a down payment on a house. If one child took care of you for 10 years in the family home and the others didn't help at all, then consider giving her a direct payment for the time invested—and explain to your other children at that time why you're doing it.


If you are determined to favor one or more of your children in your will, at least let all your kids know about your decision well in advance. This can be uncomfortable, but when the whole family knows what to expect, it can minimize hurt feelings down the road. Even discussing these decisions may cause hurt and anger, but it needs to be done so that the heirs get a chance to get some answers to their questions. They may not like the answer, but they'll at least understand why you did what you did. At the end of the day, it is your money and you should feel a need to apologize for any decision you make.

Include a note to the heirs

To make absolutely sure there are no misunderstandings, it's a good idea to write a brief letter to your children, to be read before the will. Explain why you made the decisions you did.


Consider paying taxes and funeral expenses with life insurance

Estate taxes, inheritance taxes, and funeral expenses can be a burden on your heirs. A great way to cover that cost is to take out a life insurance policy to pay these expenses.

If you are in a second marriage and you have grown children from the first marriage that you'd like to bequeath something to, you could leave them a set amount of money in the form of a life insurance policy. It's a great way to guarantee that your current family's lifestyle won't be disrupted, without forgetting the kids you had with your first wife or husband. Cash from a life insurance policy help to maintain the peace between the two families when the will is read.

Sell the vacation homes when you stop using them

Once you reach a certain age, you may find you're not really up to the long drive up to the vacation home any more. You may want to confer with the kids to see whether they actually want it. If not, the simplest thing to do is to sell it yourself.


Cash is king

That brings us to what may be the most controversial advice of all when leaving property: don't do it. If there is more than one child, coming up with a plan that's flexible enough to deal with life's twists and turns while keeping everyone happy is almost impossible. Making multiple children co-owners of a shared property can be messy.

Knowing that you loved them can be the best gift of all

 
Edit, Download, & Print a Free
California Last Will
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Edit, Download, & Print a Free
California Power of Attorney
Page 1
Page 2
Page 3
Page 4
Page 5
 
Edit, Download, & Print a Free
California Living Trust
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Adin, CA
Klika Parrish & Bigelow
959 E Walnut St
Pasadena, CA 91106
(626) 796-9998
General Practice Attorneys, Attorneys, Legal Service Plans
Walton Lorrie A
2300 E Katella Ave # 435
Anaheim, CA 92806
(714) 978-9988
General Practice Attorneys, Attorneys
Warshaw Adam
1918 W Magnolia Blvd # 101
Burbank, CA 91506
(818) 972-9927
Construction Law Attorneys, Attorneys
Schwartz Law Offices
9000-S Crow Canyon Road, No. 399
Danville, CA 94506
(831) 331-9909
Bankruptcy Law Attorneys,  Business Litigation Attorneys,  Divorce Attorneys,  Estate Planning Attor
Kobernick Todd E
2448 Historic Decatur Rd
San Diego, CA 92106
(619) 224-9889
Attorneys, Legal Service Plans
Lum A Justin
1005 E Colorado Blvd # 209
Pasadena, CA 91106
(626) 395-9888
Patent, Trademark & Copyright Law Attorneys, Attorneys, General Practice Attorneys, Legal Service Pl
Perera J Rex
900 W 17th St
Santa Ana, CA 92706
(714) 550-9830
Immigration Law Attorneys, Immigration & Naturalization Consultants, Attorneys
Cero Debts
1475 S State College Blvd
Anaheim, CA 92806
(714) 780-9756
Attorneys,  Business Bankruptcy Law Attorneys,  Bankruptcy Law Attorneys,  Bankruptcy Services
Mccabe Patricia
7100 Hayvenhurst Ave
Van Nuys, CA 91406
(818) 907-9726
Attorneys, Social Security & Disability Law Attorneys, General Practice Attorneys, Legal Service Pla
David J. Givot
3780 Kilroy Airport Way Suite 200
Long Beach, CA 90806
888-293-0396
DUI & DWI Attorneys,  Drug Charges Attorneys,  Legal Service Plans,  Criminal Law Attorneys,  Attorn
Accident Recovery Legal Center Of Northern California
1184 Monroe St
Salinas, CA 93906
(888) 931-9675
Employee Benefits & Worker Compensation Attorneys,  Accident & Property Damage Attorneys,  Personal
Aria Law Group A Professional Law Corporation
260 Sheridan Avenue Suite 200
Palo Alto, CA 94306
(650) 391-9630
Business Law Attorneys,  Personal Injury Law Attorneys,  Estate Planning, Probate, & Living Trusts
Rosenberg Jas
1702 N Main St
Santa Ana, CA 92706
(714) 953-9561
General Practice Attorneys, Attorneys
Matthew C. Mullhofer
2107 N Broadway
Santa Ana, CA 92706
(866) 698-9478
Attorneys, Tax Attorneys, Real Estate Attorneys, Legal Service Plans, Estate Planning Attorneys
Niswonger J
3233 Arlington Ave
Riverside, CA 92506
(951) 367-9441
General Practice Attorneys, Attorneys, Legal Service Plans
Joseph P Connolly Inc
1616 23rd St
San Pablo, CA 94806
(510) 234-9436
General Practice Attorneys, Attorneys
Paralegals Who Care
12535 Oxnard St Apt 201
North Hollywood, CA 91606
(818) 505-9436
Paralegals
Peters Carol Atty
1100 E Green St # 1
Pasadena, CA 91106
(626) 793-9383
Attorneys, Legal Service Plans, Criminal Law Attorneys, Litigation & Tort Attorneys, Estate Planning
Attorney Assistance
2100 Embarcadero
Oakland, CA 94606
(510) 893-9333
Attorneys Referral & Information Service, General Practice Attorneys, Attorneys
Cleveland & Metz
3890 11th Street
Riverside, CA 92506
(951) 275-9262
Workers Compensation Assistance,  Accident & Property Damage Attorneys,  Employee Benefits & Worker
Corrons-Hickey & Hickey
930 W 17th St
Santa Ana, CA 92706
(714) 550-9211
Bankruptcy Services,  Attorneys,  General Practice Attorneys,  Legal Service Plans,  Bankruptcy Law
We The People
963 E Colorado Blvd
Pasadena, CA 91106
(626) 219-9200
Paralegals, Legal Document Assistance, Attorneys
Hurr Lauren S
19725 Sherman Way
Winnetka, CA 91306
(818) 812-9192
Bankruptcy Law Attorneys, Attorneys
Sun Raymond
20 Corporate Park # 155
Irvine, CA 92606
(949) 252-9180
General Practice Attorneys, Attorneys, Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US