Will your estate be divided equally or will those already well o

My Husband did not get equal share and he felt less loved, the close relationship he had with siblings was severed. I'm sure not what his mom wanted, too bad some people equate money with love.

I have one son, and one husband.
My goal is to give all of the land to the boy long before I am dead. My husband and son get along fine but dh will always need care -he is not able to handle the responcablities of owning property.

Husband has 2 sons
one he raised (mentioned above) one who was barred from a relationship with. Dh did try for years. The mother soured all atempts and the boy is just a bio child really a stranger thus the will states that the child that lives and know him will bare the job of selecting ONE personal item of dh to pass on to the other son. Everything dh owns goes to the child that cares for him. Dh owns very little. Most things were mine or the results of my past working. Kinda funny because my son is not a bio child of mine. I used to have an account set up for the other child but closed it years ago because he became an adult and was a stranger for me where as the child in this home has a relationship with me. I have no reason to hold the land over his head to maintain the relationship as I know the charactor of the child and in giving the estate to the child while I am alive I get to enjoy and see him benifit from it.

Equally between all three sons.

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Everything is divided up between the three daughters. But, one DD has three kids but the others each have one. So, this may not seem fair. However, we don't have that much. We have a house that we own free and clear, a couple of cars, a dog, and money in the bank that would go to funeral expenses. I think there may be a fight over the dog.

Everybody will get a mix of money and property to do with as they wish. With multiple properties, there shouldn't be the need for the kid to "agre" to sales. They can each own properties outright to cut down on bickering.The only exception would be if one of the kids did something so horrendous that they needed to be disinherited for it. At this point, I don't see that happening. We've been blessed with great kids.

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I guess I differ from everyone. One daughter is due to get a substantial sum from her elderly grandmother( in her late 90s) My first wifes mother. so I plan to leave more to the other daughter. The second daughter will end up with less money.

If there is a handicapped child that needs extra care, that one gets taken care of first.

Other than that, equal split. I can't justify punishing a hard working successful child and rewarding a slacker.

Actually, I'd like to spend a lot of it and enjoy a few years. My child is very self-sufficient, so I wouldn't be leaving him in any financial trouble. Maybe if this economy ever recovers I can do some of the things I planned and had to cancel.

never been a believer that equal is fair, decesions are not always easy. In response to the question, no. We have three boys and each is differant, we will try to give what each needs or/and (hopefully) appreciate. If this isnt right, well I just hope they look back and laugh at all the other mistakes we have made with good intentions.

Right now we only have one child, so everything would go to him. If there are two in the mix, it's going to be equal split unless there's a clear indication that one child would like to take on the family land and the other doesn't care. Then we'll find some other way to deal with it. My mother's already doing this a bit with my two siblings and me. DH and I have moved back to where I grew up, so Mom has given us about a third of her land already with the understanding that the rest of it will be divided between my sister and brother. Informal talks with them already indicate that they're likely to want to sell out to us if we can afford it, or have us manage the property if they can't. Either way, we're trying to keep the family house and land in the family. We're only second generation here, but we love it anyways.

Thank goodness I get along with both my siblings, especially since we're the poor relatives! :-)

My mother got everything of Dad's when he passed. This did not cause any problems. Mom had each of us put our name on the back of the art. After her funeral, anything left is divided up equally, except the homes. Her nicer apartment (condo) in Arizona is going to the oldest because she never married and has no children. The other condo in Michigan is going to sister #3 because they never had children. She figures the rest of us can count on our kids to take care of us. Nobody has a problem with this, and there are eleven of us.

Kinda funny looking back on it.

My ex (while we were still married) asked for my advice on what to invest in with all the money he was going to inherit when I died. He was desperately disappointed when I told him he wasn't going to inherit anything.

I was down at my lawyers the next day taking him out of my will.

That must have worked because he didn't murder me after all.

My dad got from his parents while they were still alive. His dad just died and needed money from his kids to get his tombstone so inheritance not an issue.

My brother and I have both done better for ourselves financially than my sister and step-sisters did. So if my mom's money outlives her expect she'll give it to my sister.

And my step-mom is only 10 years older than I am. While my stepsisters no longer need as much as they did, my step mom will need any money my dad leaves. We're just hoping he won't try to 'will' to us the responsibility of taking care of her or my stepsisters after all his money is gone.

My mom's mom, at my brother's advice, gave money to her poorer grand/greatgrands (not me or my brother) to the maximum gift allowed. When she died she left her half of the farm to the 3 grandkids she knew best (my uncle died right after my cousin was born so she didn't see his son much, tho she did give each of his daughters $10K when she gave my sister that much) and my brother and I immediately paid my mother for her half of it. We still credit my sister with owning same amount of farm he and I do though she didn't put any money into that purchase.

My kids? We'll see how they turn out, tho hope to use up all our money right when we die. My brother- with no kids- leaves his money to our sister not my kids. And unless they are impoverished some way (and not through spendthrifting) he won't be leaving them anythign even if he outlives her. I also have my sister as my heir after DH and DDs. Won't make her my primary when the kids are grown tho, even if she is in need. If kids are doing great probably to some charity- NPR or my college.

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Dad! I've been searching for you for years.

I just found this out last night. My ex's uncle wrote in his will that nothing was to be touched for five years. The kids couldn't sell the house or summer cottage, couldn't settle anything. My ex father in law wrote the will. My ex's aunt (fil sister) was on her deathbed when her son read over the will. Same five year stipulation. He told her, "I have cancer, I may not be here in five years." The will was rewritten. I think the ex's dad had the same in his will, because the siblings initially talked about selling the house, but it's still not done, ex is living there. The whole five year thing is to keep control of the kids, even after death. Funny thing is, only my ex is in need of an inheritance, the other kids have done fine and don't need it. He is actually benefitting because he has a free place to stay for five years.

My mother and step-father are giving almost every single thing they own (property, vehicles, all of it) to my little brother. He is who my step-dad considers "his"... My sister and I were older when he got together with my mother, and have never treated him as a father, and he feels more like a dad to my brother because of this (brother was 13 when they became a couple).

My brother is lucky both my sister and I like him and don't hold him responsible for my mother and step-father's decisions... Even he is somewhat baffled by it. He's like - I have my own house and car, why would I want theirs??

Angered by the decision? Of course. But it only strengthens my resolve to move from this place and never come back. It doesn't make my like my mother any less, or my brother, for that matter, but it does help solidify for me that this is not where I belong. So thanks, mom, for helping me stand strong on my decisions, even if it means me getting out of this place when you want me to stay!

Does anyone know the difference in coversation at the supper table between the financially wealthy and those who are financially wanting?

The wanting converse about how to work to for money.
The wealthy speak about how to get money to work for them.

I've heard some things written here that have some holes in them.
I haven't heard anyone speak about a family trust. Theirs tax advantages. Monies can be loaned for education and large purchases without fear of taxation. Then it is paid back. Keeping all the funds. People (family) can added into and subtracted from the trust. It evolves. We're entering into the 4th generation, with great success.
Its protecting assets and promoting the family as a whole.
You don't have to worry how things get divided up. You plan on how it will be multiplied.
I'm not here to give legal advice. I would suggest going to see a CPA/Financial Planner or a lawyer.
Just some thoughts to ruminate on.

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Howdy brother sorry you got here late

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Excellent post!

I have a number of income geneating properties and my plan regardless of whether I have children or not, is that the whole of the estate remains intact and the income goes back into the pot. The fund would be there for generations - only for my father's side of the family - and a percentage would be released each year to be used as an interest-free emergency loan fund, school money, or loans for business investments.

If no one has a need for it, it goes back in the pot allowing more to be available when someone has a need. If you never paid it back, your branch of the family would be forever be choked off from it until it is paid back.

If the pot grows really big, family members could vote on how to re-invest it into another venture that becomes part of that estate. As for managing the portfolio, maybe family members could take turns and get a small percentage of any profits generated. There is a risk here that someone could run it all into the ground within one term! Or, God forbid! If one of the descendants ended up with some kind of negative addiction behavior and squanders several lifetimes of savings within a year!

I came about this after watching a friend whose family had once owned thousands of acres during the Revolutionary War. Today, the family members are fighting over the remaining acre or half acre of property. Pretty nasty fighting I might add.