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I currently have a niece & nephew as beneficiaries. My nephew has helped me so much, he deserves it. My niece is my Godchild & figures it's her right.
No, I am not going to die tomorrow but I want what I have left to be delegated.
If anyone has read any of my posts you know my son died in January. My granddaughter, whom I haven't seen since she was 5, due to her mother, is now 18 & is starting to contact me.
I haven't let her know that I have anything so it is just her reaching out. The niece who thinks she is entitled never calls, emails or keeps in contact. I am thinking of just switching her portion to my granddaughter. Would other folks do that if they were in my place? I probably won't have more than $50,000 so it would only be $25,000 a piece. Not a fortune but helpful for young people starting out.
Well if you leave some to your nephew, you should leave some to you niece.
If I were in a similar situation i would leave a larger percentage to my biological granddaughter and a smaller percentage of the estate to the niece and nephew. Just my .02
I'm sorry to hear about the loss of your child. Really, it's your money and your own decision, split it up however you see it as "fair" to you. After getting will updated with your own preferences, I would not reveal how I split the money to anyone in your family.
I am glad your granddaughter is reaching out to you. I hope you can make up for some lost time with her.
I currently have a niece & nephew as beneficiaries. My nephew has helped me so much, he deserves it. My niece is my Godchild & figures it's her right.
No, I am not going to die tomorrow but I want what I have left to be delegated.
If anyone has read any of my posts you know my son died in January. My granddaughter, whom I haven't seen since she was 5, due to her mother, is now 18 & is starting to contact me.
I haven't let her know that I have anything so it is just her reaching out. The niece who thinks she is entitled never calls, emails or keeps in contact. I am thinking of just switching her portion to my granddaughter. Would other folks do that if they were in my place? I probably won't have more than $50,000 so it would only be $25,000 a piece. Not a fortune but helpful for young people starting out.
IMHO, an inheritance is never "a right". If an adult never calls, emails or keeps in contact why would you give them money in your will? Is there a close friend or a neighbor who has been especially helpful to you? Maybe they should be listed instead.
However, perhaps, you should wait and see if your granddaughter continues to contact you. I hope not, but maybe this is just a short time thing because of the death of her father.
I have to admire my Uncle that just died recently. He had seven children. Some spent more time with him than others. One was a black sheep. He made sure everything, everything was divided evenly seven ways.
It makes it feel more fair and less drama when he left this world.
I agree. Leave your money to those who take the time to contact you, not someone who thinks she deserves it just because she's a blood relative.
I think I tend to agree with this line of thinking.
Or you could give a little to each and the majority to your favorite charity.
IMHO, every adult with any asset(s) should have a will and as soon as it's possible. A person never knows when or how they will die. A person could have a heart attack or a car accident and be dead instantly, or he/she could have a disease and linger.
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