Easy Questions  
Free Legal Documents

Communicating Your Estate Planning Wishes to Your Heirs in Alston, GA

Communicating Your Estate Planning Wishes to Your Heirs in Alston, GA


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

 
Personalize & Print a Free GA Last Will Download this Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free GA Power of Attorney Download this Document
Page 1
Page 2
Page 3
Page 4
Page 5
Related Legal Services near Alston, GA
Green Street Law Offices
884 Green St SW
Conyers, GA 30012
(770) 918-9914
Attorneys, Criminal Law Attorneys
Myers Iii, Albert A Mumford & Myers
884 Green St SW
Conyers, GA 30012
(770) 918-9914
Criminal Law Attorneys, Attorneys
Carter Russell D
567 Ralph McGill Blvd NE
Atlanta, GA 30312
(404) 377-9900
Entertainment & Sports Law Attorneys, Attorneys, Legal Service Plans
Weldon & Associates
1071 West Ave SW
Conyers, GA 30012
(678) 413-9823
Attorneys, Legal Service Plans, General Practice Attorneys
Prioleau & Associates
505 Pryor St SW
Atlanta, GA 30312
(404) 526-9400
Employment Discrimination Attorneys, Attorneys, Labor & Employment Law Attorneys, Employee Benefits
Lynch Law Group PC
505 Pryor St SW
Atlanta, GA 30312
(404) 880-9393
Divorce Attorneys, Family Law Attorneys, Attorneys
Mc Elreath & Stevens
513 Edgewood Ave SE # 100
Atlanta, GA 30312
(404) 467-9017
Social Security & Disability Law Attorneys, Attorneys
McElreath And Stevens LLC
513 Edgewood Ave SE
Atlanta, GA 30312
(404) 467-9017
Social Security & Disability Law Attorneys,  Attorneys,  Labor & Employment Law Attorneys,  Wills,
Gerald A Griggs LLC
501 Pulliam Street SW Ste 150
Atlanta, GA 30312
(404) 221-8888
Legal Clinics, Legal Service Plans, Criminal Law Attorneys, Attorneys
R D Moore Iv Law Offices
974 Milstead Ave NE
Conyers, GA 30012
(770) 929-8702
General Practice Attorneys, Attorneys
Read Tk
915 Commercial St NE
Conyers, GA 30012
(770) 929-8644
Attorneys,  Real Estate Attorneys,  Personal Injury Law Attorneys,  Discrimination & Civil Rights La
King King & Jones PC
659 Auburn Ave NE
Atlanta, GA 30312
(404) 522-8481
Criminal Law Attorneys, Attorneys, Legal Service Plans
J. L. Johnson & Associates, LLC
444 Highland Avenue NE, Suite
Atlanta, GA 30312
(404) 879-8439
Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Bankruptcy Law Attorneys
Boemanns Law Office
44 Blue Ridge St # B
Blairsville, GA 30512
(706) 745-7717
Real Estate Attorneys, Attorneys, General Practice Attorneys
Maddox Nix Bowman & Zoeckler
945 Bank St NE
Conyers, GA 30012
(770) 922-7700
Real Estate Attorneys, Attorneys, General Practice Attorneys
Bowman, Thomas A
945 Bank St NE
Conyers, GA 30012
(770) 922-7700
Attorneys
Zoeckler, Robert L
945 Bank St NE
Conyers, GA 30012
(770) 922-7700
Attorneys
Moran & Associates
659 Auburn Ave NE
Atlanta, GA 30312
(404) 758-7500
Attorneys,  Legal Service Plans,  Criminal Law Attorneys,  Personal Injury Law Attorneys,  Drug Char
Rick J. DeMedeiros, PC
909 Commercial Street
Conyers, GA 30012
(888) 995-7425
Personal Injury Law Attorneys, Workers Compensation Assistance, Attorneys
Host Nation Perspectives
423 Georgia Ave SE # 100
Atlanta, GA 30312
(678) 705-7171
Contract Law Attorneys, Attorneys
Vaughan Michelle
360 Highway 515 W
Blairsville, GA 30512
(706) 745-7052
Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Accident & Property Damage Attorneys,  G
Oeland, Paul J
919 Center St NE
Conyers, GA 30012
(770) 483-6524
Criminal Law Attorneys, Attorneys
Sheppard & Associates Law Office PC
455 Park Ave SE
Atlanta, GA 30312
(404) 622-5777
Attorneys, General Practice Attorneys, Legal Service Plans
Wesley Williams & Associates
94 L Town Sq
Blairsville, GA 30512
(706) 745-5599
Corporation & Partnership Law Attorneys, Attorneys, General Practice Attorneys, Legal Service Plans,
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US