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What Have You Done About Your Will or Trust?
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<blockquote data-quote="PennyFromTheBlock" data-source="post: 717413" data-attributes="member: 18271"><p>My brother (who is 9 years younger than me) is currently the executor of my money in the event of my death. Went to an atty who recommended that I just split out my insurance (through my job) via percentages - because I don't have any assets (currently). So, my daughter gets 55%, My difficult son gets 1%, and whatever is left goes into trust for my grandson payable upon graduation from college or 35 whichever comes first.</p><p></p><p>I'm not giving my drug addicted narcissistic son a dime more than what I have allocated (only 1% to keep him from contesting). But then, could he even contest if it's life insurance policies? I don't recall if I asked that when I went to the atty- because if not, I may change that.</p><p></p><p>I don't feel guilty about it other than the mess my daughter will have to deal with where he is concerned (anger). But, since my brother is the beneficiary of the 44% of the money (to put it in the trust)- my son will never really know who got what - and my daughter won't disclose it anyway.</p><p></p><p>This could change at some point, but I doubt it.</p></blockquote><p></p>
[QUOTE="PennyFromTheBlock, post: 717413, member: 18271"] My brother (who is 9 years younger than me) is currently the executor of my money in the event of my death. Went to an atty who recommended that I just split out my insurance (through my job) via percentages - because I don't have any assets (currently). So, my daughter gets 55%, My difficult son gets 1%, and whatever is left goes into trust for my grandson payable upon graduation from college or 35 whichever comes first. I'm not giving my drug addicted narcissistic son a dime more than what I have allocated (only 1% to keep him from contesting). But then, could he even contest if it's life insurance policies? I don't recall if I asked that when I went to the atty- because if not, I may change that. I don't feel guilty about it other than the mess my daughter will have to deal with where he is concerned (anger). But, since my brother is the beneficiary of the 44% of the money (to put it in the trust)- my son will never really know who got what - and my daughter won't disclose it anyway. This could change at some point, but I doubt it. [/QUOTE]
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What Have You Done About Your Will or Trust?
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