The threat of disinheritance is also often used as a tool of manipulation. But really, do you want a family member to love you (or visit you, or care for you in your old age) simply because they want a payday?
If you’re not feeling the love — or if you’re dealing with a “rotten egg” — consider making financial decisions that are less permanent. Bert Padell, financial advisor to Hollywood’s rich and famous, recommends that concerned grandparents allocate the wealth through a trust rather than altogether disinherit their children or grandchildren. Furthermore, adds the grandfather of six, if grandparents leave their estate to the grandchildren, skipping over the children, than the estate tax is substantially decreased.
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