Sometimes, estate planning issues can be particularly emotional, and people may struggle to figure out which decision is best. This can be especially true for people who are experiencing problems with some of their family members, such as parents who have an estranged child that they have not spoken to in many years. If you are trying to work through these problems yourself, it is vital to take a careful look at the ins and outs of your family circumstances and decide which options are best, especially when it comes to inheritance.
Some parents may want to give their estranged child inheritance, regardless of the conflicts they have been through. On the other hand, this is not always a wise move. For example, a child may be estranged due to a drug problem and leaving them with a significant amount of assets could actually make the challenges they are facing even worse. As a result, it is pivotal to know how your estate plan could affect your estranged child and other family members and make your decisions carefully.
To further complicate these situations, some estranged children may reunite with their family and things may turn around completely. When this happens, a parent may want to revise their estate plan in order to include their child. This is another aspect of estate planning that requires careful consideration and a thorough review of various options. Moreover, it may be helpful to consider these matters before deciding which type of estate plan to set up.