Q: My children have varying degrees of financial need, and some are better at handling money than others. How do I create a will that’s helpful and fair?
A: Estate plans based on equal shares can sometimes lead to results that are not actually helpful and, in some cases, may even do harm.
One child may handle money responsibly, while another may struggle to manage an inheritance wisely. Your children may also be at very different life stages. Some may need additional help with education, raising young families, health concerns, or other special needs.
Some families also face the challenge of passing down a business or farm where continued operation requires significant skill and resources.
Dividing an estate among children is complex, and there is no one-size-fits-all solution. This is why it is important to discuss your situation with a trusted advisor who can help you find solutions that fit your family’s needs and long-term goals.
To learn more, email giving@rcus.org or call 636-222-8670.
Wise planning is part of faithful stewardship.
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