members . But a more effective approach has surfaced , which brings these issues out in the open , and informs the children in advance of what is to come and sometimes involves them in problem-solving .
" It ' s important to include an expression in the Will about how [ the parent ] loves each child equally . Moreover , parents need to ensure that each child inherits some items that make them feel accepted and included . It could be money , but also can be " tangible , personal property , which sometimes has meaning beyond a financial bequest .”
Spotting Trouble
Lawyers can help clients avert ill feelings among their beneficiaries by noting potential sore spots in draft wills they send to clients . In this way , attorneys make certain clients comfortable with their decisions and aware of what potential conflicts might arise . “ Some lawyers advise clients to write a side letter , outside of the will , to explain why one child was receiving the bulk of the inheritance and the other ( or others ) weren ' t . The bottom line is that every will should communicate that " the parents love each child equally and the amounts left in the will could be due to different economic considerations ."
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Note : This article has been edited , the original version first appeared in FORBES . Click here to view the original article
SA Real Estate Investor Magazine NOV 2022 163