To an amusement park Out to dinner Shopping All of the above None of the above. By restating the rules! Almost never Sometimes Pretty often Always. Start Quiz. Get new quizzes every day.
If you think your heirs will fight it out among themselves after your death, see an attorney to draw up a simple will, in which you will name an executor. A lawyer will be better able to understand how the money you leave will affect your heirs and how to arrange your estate to prevent any squabbling. The lawyer will also be able to help you choose the best executor; this should be the person who will be most able to divide up your assets and manage the inheritance without causing rancor among your heirs.
If you don't draw up a will and your family wages a battle over your estate, the legal proceeding will be longer, more painful, and probably more costly than anyone would like.
You can't decide how to divide your assets, or you want to make special provisions. If you have specific wishes about how your estate should be handled after your death, see an attorney to draw up a will. For example, say you wanted to split your assets evenly between your three children, but one of them has a history of financial issues and can't be trusted with money. With a will, you could assign a trustee to manage the money for them, so they don't squander it. Similarly, if you want to specify individual possessions your grandmother's china should be passed on to your niece; your paintings should go to your second son, etc.
If your child needs to be taken care of after you've passed away, and you plan to leave an inheritance, see an attorney who specializes in special needs. For example, leaving behind as large a sum as possible may seem like a good idea, but if your child depends on Medicaid or other government programs, getting an inheritance could actually disqualify them.
Even if all you have is a life insurance policy, you should see an attorney to set up a special needs trust, which is too complicated to DIY. This will help you to provide for your child in the best way possible, even after you're gone.
The estate tax is levied on large estates after a person's death. If you'll be subject to state or federal estate taxes, speak to an attorney to organize your assets and ensure that your family and friends—rather than the government—will inherit as much as possible. Save Pin FB More. Your heirs are likely to fight amongst themselves. You're leaving an inheritance for a child with special needs. Comments 1. You stand there and do nothing. You try to break things up.
Good, you stayed out of it! Go get my belt! Drama city! Somebody has to always display their acting skills and bring the drama!
We are one big happy family! We eat good and love to reminisce on the good times. How would you describe your parent's marriage? Ideal Couple. Big Spenders. Cool Parents. A love that last forever. What best describes the relationship between you and your siblings? Best Friends. Thick as Thieves. How is family business handled in public? Be open to talking about difficult things — like mistakes — and all kinds of feelings, including anger, joy, frustration, fear and anxiety.
Be ready for spontaneous conversations. Plan for difficult conversations, especially with teenagers. For example, sex, drugs, alcohol, academic difficulties and money are topics that families can find difficult to talk about. It helps to think through your feelings and values before these topics come up.
Encourage your children with praise. Teamwork and family relationships When your family is working as a team, everyone feels supported and able to contribute. You can encourage teamwork in some of these ways: Share household chores. Even very young children can enjoy the feeling of belonging that comes from making a contribution. Include children in decisions about things like family activities and holidays.
Give everyone — including young children — a chance to have their say before you make the final decision.
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