How do I legally exclude my sons-in-law from receiving any proceeds from my estate?

I have 3 married daughters, 1 about to divorce. I want only blood relatives, daughters, grandchildren to recieve proceeds. How do I insure this?

Asked on November 6, 2014 under Estate Planning, Alabama

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 6 years ago | Contributor

You write a will, and in the will you name the specific people who will inherit from you--and those people will only be your blood relatives. The limitation is, you can't control what your blood relatives do with the money after they inherit, so a daughter could share it with her husband, her ex, her new boyfriend or fiance, etc. Therefore, you way wish to instead of leaving it to your daughters, in your will create a "testamentary trust"--one that only comes into being after you pass--which will use your estate for the medical care, basic support (if necessary), and education of your grandchildren, with the trustee(s) being someone other than your daughters (who may be persuaded to try to use the money for their husbands) whom you trust, like a sibling, trusted lawyer or accountant, good friend, etc. That way, the money can *only* be used to benefit your grandchildren; of course, some indirect benefit will flow to your daughters and their husbands (e.g. they won't have to save as much for college, giving them more discretionary income), but this will maximize the chance of only blood relations (the grandchildren) directly benefiting. Any lawyer who does wills can draft a will, including using one to set up a testamentary trust, so you are advised to consult with an attorney.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.