If you have several heirs, you might want to think about your emotional legacy. Part of your estate planning process should be based on how you expect to be remembered and how family relationships will be affected by your decisions.
Some advisers, according to a Wall Street Journal article, agree that when loved ones receive different disbursements in a will it can lead to problems, despite how reasonable the circumstances may be.
For example, parents might decide to leave more of their estate to the child who has the most children and maybe less to a child they have helped out financially in the past. Under other circumstances, they may want to avoid enabling a child with gambling or drug problems.
However, it’s worth noting that things change over time. In the future, long after you have written your will, there may be more grandchildren or a previously financially secure child may become seriously ill.
Whatever decisions you make, you’ll need to be clear with your children about how your estate will be divided. By all means, there should be no surprises in your will. Now is the time to explain why you are doing what you’re doing.
If you need help with your estate planning, you can schedule a consultation with a Fort Myers estate planning attorney.
Help from a Fort Myers Estate Planning Attorney is Just a Phone Call Away
Fort Myers estate planning attorney Matthew A. Linde understands firsthand the importance of careful estate planning and the complexities of financial legal matters, such as probate, tax litigation and guardianship. For help with your estate planning concerns, contact our Fort Myers office to schedule a one-on-one meeting with a professional who can answer your questions – 239-939-7100 or 888-643-6514.
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Matthew A. Linde, P.A.
12693 New Brittany Blvd.
Fort Myers, FL 33907
Toll Free: 888.643.6514