You Should Scrutinize Your Reasons for Disinheritance Before Drafting a New Will
The reasons for the disinheritance of a child vary from person to person. Some people might be trying to prevent a family dispute, while others are trying to do their best to keep a balance between all of their children. Whatever the reasons, they need to be scrutinized and reviewed in detail before you begin the disinheritance of a child. It’s important to remember that drafting a new will can be very tricky. To successfully disinherit a child from a will, it is highly recommended to seek the assistance of an experienced estate planning attorney.
5 Reasons for Disinheriting a Child
1. Dependent Parent
Taking care of an ailing parent is a lot of work. There are appointments that must be made and kept on top of providing daily meals and care. If only one child is providing this level of care, then some parents will disinherit their other children.
2. Inheritance was Distributed During the Child’s Lifetime
There are cases where a child has needed extra financial support across their lifetime. It could be in the form of daily expenses, rent or childcare. If one child has received this kind of support from the parents during the parent lifetime, then some parents feel it only fair to disinherit the child who received financial support during their lifetime and redistribute their assets to the other siblings upon their death.
3. Lack of Need or Increased Need
Some children are successful enough to out-earn their parents and amass a greater amount of assets. If a parent feels that the lower earning children might benefit from a larger share of their assets, they will disinherit the higher earning children.
In some instances, one child has an increased need. For example, they may have a child of their own with a disability who requires extra financial costs. Another increased need could be in response to a natural disaster. One child may lose their home in a fire or earthquake and, as a result, a parent will disinherit any others to reappropriate their assets to the child with the greatest need.
4. Lack of Relationship or Estrangement
Parents do lose touch with their children. They could have had a large fight and may not have spoken since, or slowly drifted apart. If a parent has had an extended period of little to no communication with a child, they may disinherit the child.
5. Conflict of Interest Over Lifestyle Choices
These reasons for disinheritance can cover a wide array of emotionally charged topics. Parents could have disagreements with their children over politics, religion, sexual preference, gender identification, how to raise children, and where to spend money. Another lifestyle choice is work ethic. Some parents had to work hard, save their money, and build a life. No one handed them an inheritance and they may disinherit a child to give them the same experience.
Contact LeAnn Schumann to Reduce the Chances of A Disinheritance Being Challenged
A disinherited child can still challenge a final will and testimony. If it can be proven that the deceased was not of sound mind when the will was drafted, then the entire will can be found invalid. In an event like this, the distribution of assets would then be determined by the state. LeAnn Schumann has the knowledge and experience to ensure your final will and testimony is valid, no matter how you change it or who you disinherit. She has assisted hundreds of Nevadans in drafting estate plans that covers asset distribution, end of life care, and even medical decisions in the event of a coma. She is available to serve the people of Reno, Sparks, Carson City, Fallon, Fernley, Dayton, Yerington, Douglas County, and all other Northern NV rural counties.
Review Reasons for Disinheritance Thoroughly Before Drafting a New Estate Plan
Contact Jesse Kalter Law Today for an Estate Planning Consultation
CLICK HERE to Contact Online or Call 775-331-3888
PROTECT YOUR HEIRS – WHAT’S YOUR FREEDOM WORTH?®