Typically parents leave their children equal shares of their estates. However, there are reasons a parent might leave unequal shares. These include different needs of the children, financial success of one child, a benefit previously given to a child that will be balanced in the estate distribution, estrangement from a child or a blended family.
The KBF encourages every parent to consider prayerfully the circumstances of their children as they plan their estates - and - also encourages parents to consider including "a child called charity," such as their church and other Christian causes they supported during their lifetimes.
The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.
No comments:
Post a Comment