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Commonly Asked Questions about Wills for Adults with Minor Children

A trust agreement allows parents to leave money and property to a son and grandchildren without allowing a daughter-in-law access to the funds. Because trust agreements are flexible, a parent can specify that the trust assets may only be used for the education, health, maintenance, and support of the beneficiaries.
For example, you might create a family trust which allows you to leave assets to family members. The trust terms can specify that anyone who is not a blood relative can be excluded from receiving assets. Encouraging your child to draft a prenuptial agreement is another option.
To avoid this from happening, clearly describe who you are disinheriting in your Will. Example disinheritance clause: Using a clause that states the heir will not receive any inheritance, such as, I am choosing to leave no assets to my daughter, Ashley, confirms that a child has been disinherited from a Will.
Naming a minor as the beneficiary on your policy is not a good idea because it will delay the payout. Life insurance companies cant pay funds directly to anyone who has not docHubed the age of majority, which is age 18 in every state except Alabama and Nebraska, where its 19, and Mississippi, where its 21.
A simple willsometimes known as basicis the type most people associate with the word will. With a simple will, you can decide who will receive your assets and name a guardian for any minor children. Generic or statutory forms with a simple will format provide an excellent framework.
Key Takeaways. If you are left out of a will and believe that you should contest it, prepare to face an uphill battle to get a portion of the estate. Be certain that contesting the will makes financial sense, and that the potential gain far outweighs the legal costs.
Below is an example of the type of language that can be found in a disinheritance clause: DISINHERITANCE. I have intentionally omitted from this Trust Agreement any provision for any heirs, descendants, issue, relatives, or other persons who are not designated as a beneficially in this Trust Agreement.
There are a couple of ways to protect an inheritance from in-laws, starting with establishing a trust. For example, you might create a family trust which allows you to leave assets to family members. The trust terms can specify that anyone who is not a blood relative can be excluded from receiving assets.