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Legal Last Will and Testament Form for Married Person with Adult Children from Prior Marriage Minnesota

Legal Last Will and Testament Form for Married Person with Adult Children from Prior Marriage Minnesota

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hey there estate planning attorney paul rabale and in this video we're going to talk about whether payments that a parent makes to their adult child during the parent's lifetime is actually whether that's actually an advance on that child's inheritance okay so here's the deal it's real common for parents to fork over money to their adult children because they want to enable their adult children perhaps to get out of debt or pay student loans or get out of some tax liability parents are giving money to their children all the time to buy a car make a down payment on a home the child wants to buy parents are giving money to enable their children to take vacations the list of things that parents throw money at their adult children far is endless but when a child dies and that parent had forked over a considerable sum to one child and not to the other child or children sometimes the you-know-what hits the van so let me give an example let&

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