What should be in an elderly parent's will?
When physical property and wealth are not a major issue, what are the important things an elderly parent should have in their will?
There are few things of importance if the parents want to add in the 'will' like the tips for their children to attribute that the property and wealth earned by them was as a result of hard work and sincerity done by them. The same effort should be made by their children with full determination.
Most of the time physical property and wealth are major issues when there is no proper will. Therefore I believe parents should solve these during their life.
Other than that padmendra's suggestions are excellent.
They should decide who gets what, who is to be the executor and how everything is to be disposed of. Even if you do not have much, there is always something that you would like each child to have. There is also something that no one wants or needs. Those things should be disposed of, either by selling it or giving it away. The executor makes sure that the provisions in the will are carried out and that things are disposed of in the proper method decided by the parents. This usually involves a little work and a visit to a lawyer and the court when done.
Whatever they so wish..........
My Dad, saw me into adulthood.
He owes me nothing more.
His money or his concerns....................well, they belong to him.
It is now my duty to carry his wishes out.............not to wish for something
by Sajib 6 years ago
I think parent love us without any demand and girlfriend has demands
by rajivnandy 7 years ago
Do u agree that parents and children should learn to respect each other's decisions ?
by KevinC9998 5 years ago
Were you your parent's favorite child? If not how did it make you feel?
by H C Palting 2 years ago
What would you do if a sibling raided your parent's estate?With the knowledge that the raiding sibling has violated law to enrich themselves, what would you do? Many people never report this illegal deed and it is committed very often. What would you do in this situation?
by Peeples 4 years ago
Should it be a parent's goal to leave an inheritance?It is estimated that less than 25% of (adult) children are left an inheritance. So in this economy should parents focus more on saving an inheritance for their adult children or for enjoying their retirement to the fullest?
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