Friday, March 5, 2010

If You Want An Inhertiance, Be Nice To Your Parents!

It may seem rather obvious, but an article in Money Magazine cites research that shows that parents whose children call and visit them often tend to leave those children a larger share of the parents' assets.

While I don't disagree with this conclusion, my experience working with clients is that unless a child is significantly estranged from the parents, in most cases the parents will elect to leave equal shares for all the children. I do encourage parents to think long and hard about distributions among the children, and to not reflexively leave equal shares without taking all the facts and circumstances into account.

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