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Estate Planning FAQ's



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Question: 
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Category: Probate, Trusts, Wills & Estates
Location: NJ
Subject:  How to leave a child out of my will

I had my will prepared leaving all I have to my 3 sons.  The time has come to remove 1 son and his family from my will.  Is it enough for me to attach my wishes to my original will, or must I have a new will drawn up?


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Reply: 
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Category: Probate, Trusts, Wills & Estates
Location: NJ
Subject:  Re: How to leave a child out of my will

First, you need to see a tax and estate planning attorney. When a client wants to exclude a normal beneficiary from a Will, such as a child or grandchild, I like to review the reasons. Sometimes, it is because the beneficiary cannot handle finances, or needs some controls on the money. In that case, a Trust can be set-up to solve the problem.

If the testator trully wants to disinherit the person, I specifically mention the person's name and provide a general statement about excluding them.

I hope this helps!

Ron Cappuccio

http://www.saveyourestate.com

 





If you have a question., call Ronald J. Cappuccio, J.D., LL.M.(Tax) at (856) 665-2121