WHO SHOULD YOU TELL ABOUT YOUR WILL

1 Nov

MetroBoston Publication Date October 31, 2012
By Attorney George Warshaw

Other than your spouse and your lawyer, should you tell anyone else?

Think thrice before you do. It may go against your compelling desire to let others know about their inheritances, but I say this from experience: people often change their minds when it comes to money and property, especially later in life, and more especially if they remarry.

Create an expectation that doesn’t come true, and you may leave someone with badly injured feelings or ill thoughts of you.

The purpose of a will may be to leave money and property to someone, but there is another purpose, rarely considered, but as important in my view – avoiding family strife and discord that often follows a surprising inheritance or disinheritance after one’s death.

Take your children for example. Once you’re dead you won’t be able to fix hurt feelings if an inheritance doesn’t match your promise or their expectations.

And we’ve all heard the stories of families torn apart after an older parent remarries and promised inheritances go to someone else’s children. Use your will to promote family harmony and a positive memory of you.

So be careful what you disclose if you decide to tell all.  Contact me if you need help with your planning. ©2012 George Warshaw.

George Warshaw is a well-known attorney and legal author . He practices real estate and estate planning, assisting buyers and sellers of homes and condos and preparing wills and trusts. Send him your thoughts and comments at metro@warshawlaw.com.

 

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