Accidental Disinheritance Part 1 – Updating Your Will

Disinheriting someone is not something that most people want to do.  Unfortunately, it does happen more often than I would like to admit.  We have had clients over the years come in and try and figure out why they didn’t get anything from their parents (or favorite Uncle, brother, etc.).  We go through the documents and determine that they were disinherited.  Many times we can even determine that this disinheritance was not intended.

One way that people get disinherited is through the failure of someone to update a will.  Instead of creating a document that is static (that is, doesn’t change), you can create a will that updates along with life issues (such as leaving your assets to “your nieces and nephews, if any” instead of just naming people).  Further, you can create several items of specific gifts if you want to, including conditions on those gifts.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s