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Parent Support Forums
Substance Abuse
How are you handling your will
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<blockquote data-quote="OTE" data-source="post: 739569"><p>Elsi, look up the term "life estate." very common.</p><p></p><p>Just my opinion, but not dividing an amount evenly based on the current individual needs of each child could create a problem down the road. Perfect excuse for them to quarrel now or later. </p><p></p><p>I also did run my ideas past each of my older kids. The addict's comment was that he was ok with the housing for the sibs who have little chance of self-sufficiency. But he wanted there to be some place he could go if he needed it ("if I'm not doing good)". So I concluded on equal apts for older two.</p><p></p><p>I have a personal thing about inheritance going to my kids and not their spouses. Mine have a history of poor choices. If they got a lump sum and put it into joint property such as a house... Upon divorce half of my lump sum ends up with neither my kid nor my grandkids. Nothing I could control but bugs me to think about it.</p></blockquote><p></p>
[QUOTE="OTE, post: 739569"] Elsi, look up the term "life estate." very common. Just my opinion, but not dividing an amount evenly based on the current individual needs of each child could create a problem down the road. Perfect excuse for them to quarrel now or later. I also did run my ideas past each of my older kids. The addict's comment was that he was ok with the housing for the sibs who have little chance of self-sufficiency. But he wanted there to be some place he could go if he needed it ("if I'm not doing good)". So I concluded on equal apts for older two. I have a personal thing about inheritance going to my kids and not their spouses. Mine have a history of poor choices. If they got a lump sum and put it into joint property such as a house... Upon divorce half of my lump sum ends up with neither my kid nor my grandkids. Nothing I could control but bugs me to think about it. [/QUOTE]
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How are you handling your will
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