Deciding What Goes to Which Child
Most people choose to pass on most of what they have to their children, assuming they have children and their spouse has already passed on. The easiest way to give your belongings to your children is to give them each equal shares. Children from other relationships can complicate matters. Disowning a child--or at least removing them from the will--can also complicate matters. In both cases, an attorney who knows how to create Wills is not just recommended, but almost necessary.
You can certainly pass on specific things to specific children. Keep in mind that the possessions you own right now may not still be in your possession when you pass away. If you promise one child your house and the other child your life savings, realize that either may not be there when you die--and thus one child would get nothing. I personally prefer to keep gifts to specific children fairly small, although this is of course your decision. If you want a specific child to have something, you also have the option of giving it to them now instead of after you die.
Disclaimer: this blog and the
posts thereon are not to be taken as legal advice; consult an attorney
directly for legal advice. In addition, any posts, comments, or replies
to comments on this blog do not create an attorney/client relationship,
and are not protected by attorney/client privilege. If you wish to
obtain my help as an attorney, you can contact me directly at
208-206-1475, or you can email me at firstname.lastname@example.org. My
website is www.shelleyattorney.com.