View Single Post
Old 12-01-2010, 09:50 AM   #42
onetwo_threefour
Powerplay Quarterback
 
onetwo_threefour's Avatar
 
Join Date: Apr 2006
Location: Mahogany, aka halfway to Lethbridge
Exp:
Default

Quote:
Originally Posted by llama64 View Post
What I find abhorrent is the concept that the children deserve ANY of their parents estate.

If my parents leave me stuff, cool. But I'm sure as hell not going to fight for it. I'm man enough to make my own wealth.

Thank god I'm not having kids... means I can leave my wealth to the cute nurse who looks after me just before I die.
There are public policy reasons for some of this stuff.

What if you have a child who's a quadriplegic or low-functioning Down's syndrome afflicted person and then another child that doesn't have these challenges. As a parent, the smart plan would be to leave all your estate to the "healthy" child and let society bear the burden of raising or caring for your dependant child.

There is legislation in Alberta to avoid exatly this sort of scenario so that parents can't ignore depedants in the will, although I generally advise clients that there is no positive obligation to leave anything to adult independant children.
__________________
onetwo and threefour... Together no more. The end of an era. Let's rebuild...

Last edited by onetwo_threefour; 12-01-2010 at 09:54 AM.
onetwo_threefour is offline   Reply With Quote