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Thoughts on a will
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<blockquote data-quote="LauraH" data-source="post: 729936" data-attributes="member: 22877"><p>Here's what i'm doing with my will. If I die first my husband gets everything, period. If my husband goes before me then my son (my only other beneficiary) gets everything...BUT...my niece, who is competent and caring, will be the "custodian" of whatever my son inherits. She will disburse whatever amount he legitimately needs when and how she sees fit. I trust her completely. She won't be just handing over a ton of money to him, it would be gone within a week. But she won't let him starve, either, especially if h'e's making a real effort to stand on his own two feet. I don't know if she'll put him on a monthly allowance or what, I'm leaving that totally to her discretion. I won't have much to leave behind, but it could be as much as $10,000 - $15,000, and to my son it's unlimited wealth. He would go nuts buying the latest iPhone, new clothes, drugs I'm sure, you name it. And it would be an excuse for him not to work as long as the money lasted. I'm breathing easier knowing that won't happen with my niece at the helm. And since my son is prone to angry outbursts when he doesn't get what he wants, I'm adding a clause that if he gets belligerent with my niece over the terms of the will, he's out of it completely. (I'm rethinking that part, though, since it's almost inevitable that he will put up a fight so I might just be setting him up to inherit nothing)</p><p></p><p>Maybe you could do something similar for your daughter? Have a trusted family member or attorney control whatever you leave her?</p></blockquote><p></p>
[QUOTE="LauraH, post: 729936, member: 22877"] Here's what i'm doing with my will. If I die first my husband gets everything, period. If my husband goes before me then my son (my only other beneficiary) gets everything...BUT...my niece, who is competent and caring, will be the "custodian" of whatever my son inherits. She will disburse whatever amount he legitimately needs when and how she sees fit. I trust her completely. She won't be just handing over a ton of money to him, it would be gone within a week. But she won't let him starve, either, especially if h'e's making a real effort to stand on his own two feet. I don't know if she'll put him on a monthly allowance or what, I'm leaving that totally to her discretion. I won't have much to leave behind, but it could be as much as $10,000 - $15,000, and to my son it's unlimited wealth. He would go nuts buying the latest iPhone, new clothes, drugs I'm sure, you name it. And it would be an excuse for him not to work as long as the money lasted. I'm breathing easier knowing that won't happen with my niece at the helm. And since my son is prone to angry outbursts when he doesn't get what he wants, I'm adding a clause that if he gets belligerent with my niece over the terms of the will, he's out of it completely. (I'm rethinking that part, though, since it's almost inevitable that he will put up a fight so I might just be setting him up to inherit nothing) Maybe you could do something similar for your daughter? Have a trusted family member or attorney control whatever you leave her? [/QUOTE]
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