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Author: StockGoddess Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 4416  
Subject: Estate Planning and Siblings Date: 7/27/2014 2:15 PM
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Estate planning ...hmmm...

I think about this from time to time. We pulled our wills & living trust paperwork together around 7 years ago, and it's the normal spouse-first-kids-second type of will, but the tertiary inheritors, if we were all on an airplane and the Russians decided to shoot it down for some unknown reason...well...I change my mind about that. A lot.

The normal is to leave it to your parents/siblings/nieces/nephews but I wonder sometimes, because sometimes you like/respect people you AREN'T related to more than those you are. What if your family members are spendthrifts, or drug addicts, or conspiracy-theory-spouting wing-nuts who make you wonder if they're capable of rational thought. Wouldn't it be better to leave the money to people you respect more? Friends? The bagel lady who always makes you smile? Charities you've thoroughly researched?

How bout it? Anyone written the 'sibs out of the estate, or at least spread it around a little bit more?

Topic Du Jour.

Cross-posting to estate planning.

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