Spend thrift clause, allowing for pre-deceased beneficiary, include gifts over were all in this specific section but she emphasized to consider percentages as opposed to amounts. Her example was that if your spouse dies and then you yourself die, the estate will be equally divided amongst your children. I think we’ve known and understood that part but then she asked the question “what if a person doesn’t have any children?” that really caught my attention and made me view it rather differently. While the whole pie may be distributed, it might not be distributed the way an individual wants or intended it to be. A basic example would be, you want to give $50,000.00 to a local charity. Okay, but is that $50,000.00 out of $250,000.00 or $50,000.00 out of a cool $1,000,000.00? It changes the equation and I’m glad I learned that and also viewed it from a different angle. I like viewing things from different angles and this seminar had one that I thought was rather intriguing. An older couple is married and has 3 children, their will has the estate getting split three ways. If one of the children suddenly dies what happens to their portion of the estate? Does it get split two ways now or does their portion get divided amongst the couple’s grandchildren from their deceased child? I know which way I’d choose but as mentioned in the executor examples mentioned earlier, sometimes what seems so obvious is apparently not the
Spend thrift clause, allowing for pre-deceased beneficiary, include gifts over were all in this specific section but she emphasized to consider percentages as opposed to amounts. Her example was that if your spouse dies and then you yourself die, the estate will be equally divided amongst your children. I think we’ve known and understood that part but then she asked the question “what if a person doesn’t have any children?” that really caught my attention and made me view it rather differently. While the whole pie may be distributed, it might not be distributed the way an individual wants or intended it to be. A basic example would be, you want to give $50,000.00 to a local charity. Okay, but is that $50,000.00 out of $250,000.00 or $50,000.00 out of a cool $1,000,000.00? It changes the equation and I’m glad I learned that and also viewed it from a different angle. I like viewing things from different angles and this seminar had one that I thought was rather intriguing. An older couple is married and has 3 children, their will has the estate getting split three ways. If one of the children suddenly dies what happens to their portion of the estate? Does it get split two ways now or does their portion get divided amongst the couple’s grandchildren from their deceased child? I know which way I’d choose but as mentioned in the executor examples mentioned earlier, sometimes what seems so obvious is apparently not the