Weinstein & Randisi
Phone:585-310-1578
Toll free:800-768-1780

Resize the Content Text

How can baby boomers plan their wills to prevent family disputes?

During the next 30 to 40 years, the baby boomer generation is expected to leave approximately $30 trillion worth of inheritances to their children. These individuals will want to prepare their wills and estates the right way in order to limit the possibility of infighting among heirs and other issues that could develop relating to an estate following one's death. Fortunately, by following several key pieces of advice, New York residents can avoid a lot of common estate planning pitfalls.

For one, it is important for baby boomers to prepare their children on what to expect. According to one survey, most adult children overestimate the size of the estates they will inherit by a full $100,000. By informing children ahead of time what they will likely receive in an inheritance, it will help them know what the decedent's intentions were. This can also help to limit the chances of infighting among family members who could be surprised by an inheritance share they expected to be larger.

Another important step in the estate planning process is to consider whether children will receive an equal share of one's inheritance. In order to limit the chances of fighting among family members, experts say that estate planners can try to distribute their assets as equally as possible. Another way to ensure peace is to make a list of tangible assets, like jewelry, art and other items and indicate who will receive what on that list.

There are other strategies that can help New York estate planners keep the peace in their families after their deaths. Fortunately, a qualified estate planning professional can help with the estate planning process to makes sure that any problems are avoided. Indeed, the expense of hiring professional assistance now will more than pay for itself in the long term.

Source: aarp.org, "How to Leave an Inheritance to Your Kids" Jean Chatzky, Sep. 29, 2014

No Comments

Leave a comment
Comment Information
  • I wanted to write to say how pleased my wife and I were at your professional handling of our estate planning and preparation of new wills. We were put at ease by your visit to our home for an interview and were pleased that you listened to us and captured the things that we felt were important.

    --Robert and Christine Simonson, Fairport
  • In order to finalize the documents we came to your office and were greeted in a very professional manner and we could not have asked for finer service. We left with copies of everything we needed and feel very confident our needs have been met. Thanks again. We will surely recommend you should the opportunity arise.

    — Christine and Robert Simonson, Fairport
  • I have been working with Weinstein & Randisi for about two years now. Elizabeth Randisi, through a very thorough process, has helped my wife and me determine what is really important in our lives. Thus, we were able to draft a living will that reflected our most important values regarding our estate.

    --David and Ajia Cherry, Fairport
  • I would like to give a testimony for Elizabeth Randisi, an estate attorney with Weinstein & Randisi. Her knowledge of wills and estate planning was clearly demonstrated in her presentation to us. Realizing our need for a will, my husband and I went to see Elizabeth.

    --Kathy and Gary Gray, Webster
  • Filing for Medicaid is never an easy or fun process. However, working with the Weinstein & Randisi firm made the process simple and streamlined. We were able to obtain all files and records regarding Medicaid enrollment within a few days using specially prepared checklists and verbiage recommended by our assigned paralegal.

    --Ajia and David Cherry, Fairport
Awarded Top 50 Estate Planning Blog
Email Us For a Response

How Can We Help You?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Blog Feed

Blog

Weinstein & Randisi - estate planning

290 Linden Oaks, Ste. 200
Rochester, NY 14625

Toll Free: 800-768-1780
Phone: 585-310-1578
Rochester Law Office Map

Map

Call us now for a free, 100% confidential consultation: