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Should You Disinherit a Child?

Most parents choose to leave their estates equally to their children. But sometimes, parents intentionally choose to not leave anything to a child. There may be what the parents consider to be a legitimate reason: one child has been more financially successful than...

How to Leave Assets to Adult Children

When considering how to leave assets to adult children, the first step is to decide how much each one should receive. Most parents want to treat their children fairly, but this doesn’t necessarily mean they should receive equal shares of the estate. For example, it...

Gandolfini’s $30 million estate planning mistake

James Gandolfini’s estate plan ended up costing him about $30 million, not in legal fees, but in a missed opportunity to avoid estate taxes. The simple use of a marital trust ( a QTIP –“Qualified Terminable Interest Property” trust) would have...