[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.amorusolaw.com\/blog\/can-you-distribute-unequal-amounts-in-an-estate-plan-new-york-ny-greenwich-ct\/#BlogPosting","mainEntityOfPage":"https:\/\/www.amorusolaw.com\/blog\/can-you-distribute-unequal-amounts-in-an-estate-plan-new-york-ny-greenwich-ct\/","headline":"Can You Distribute Unequal Amounts in an Estate Plan?","name":"Can You Distribute Unequal Amounts in an Estate Plan?","description":"\u201cFor most of us, considering the distribution of the property we have accumulated over our lives is a painful reminder of our mortality.\u201d Overcoming an emotional response to the necessary task becomes complicated when we want to leave uneven distributions of our property to loved ones, including children and spouses. There are many reasons for […]","datePublished":"2020-10-08","dateModified":"2024-03-19","author":{"@type":"Person","@id":"https:\/\/www.amorusolaw.com\/blog\/author\/amorusolaw\/#Person","name":"Amoruso & Amoruso, LLP","url":"https:\/\/www.amorusolaw.com\/blog\/author\/amorusolaw\/","identifier":5,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/12de032c04195e9c39a06a6d6eea182f7b4fa655c20e245f8094a244b5cdd0cb?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/12de032c04195e9c39a06a6d6eea182f7b4fa655c20e245f8094a244b5cdd0cb?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Amoruso & Amoruso, LLP","logo":{"@type":"ImageObject","@id":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/07\/amoruso-logo.svg","url":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/07\/amoruso-logo.svg","width":0,"height":0}},"image":{"@type":"ImageObject","@id":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/04\/6a01901dd0a082970b026be416cf8c.jpg","url":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/04\/6a01901dd0a082970b026be416cf8c.jpg","height":750,"width":1050},"url":"https:\/\/www.amorusolaw.com\/blog\/can-you-distribute-unequal-amounts-in-an-estate-plan-new-york-ny-greenwich-ct\/","about":["Beneficiary","Codicil","Estate Planning","Inheritance","Promissory Note","Will"],"wordCount":581,"keywords":["Beneficiary","Codicil","Estate Planning","Inheritance","Promissory Note","Will"],"articleBody":"\u201cFor most of us, considering the distribution of the property we have accumulated over our lives is a painful reminder of our mortality.\u201dOvercoming an emotional response to the necessary task becomes complicated when we want to leave uneven distributions of our property to loved ones, including children and spouses. There are many reasons for this, but the reasons don\u2019t make it easier, explains the article “Distribution of estate can become a tricky matter“, from The News-Enterprise.Every family has its dynamics. Children may be estranged from parents, or one adult child may have given up her own career to care for her parents. There may be one child who received a large amount of support throughout his lifetime and a parent wants to give other children more of their estate. Whatever the reason, whenever there is an unequal distribution, there is a strong possibility of an estate being challenged. Plan wisely when leaving substantially different amounts of property between beneficiaries.Some people make the mistake of trying to simplify matters by adding a codicil or an amendment to an existing will. This could open the door to a will challenge, since it raises a red flag to heirs declaring that, at one point they were going to receive one amount, but a change was made. Even in the absence of a contested action in court, a red-flagged change could lead to quarrels between heirs and the executor of the estate. For siblings, the change could cost the family more than their inheritance: it could lead to a family fracture.If new documents are created, it is important that they be as specific as possible with regard to property bequests and the distribution of the estate assets. If the goal is to bypass a particular child, but there is no wish to disinherit future generations, the will must contain language stating that there is no wish to disinherit the individual\u2019s descendants.For some families, discussing the intentions with the heirs beforehand can avoid surprises and misunderstandings after you have passed. However, not every family enjoys healthy relationships. In those cases, a letter of explanation may be helpful to show intent, explain that there was consideration given to the unequal distribution and that it did not happen as the result of an oversight.Lifetime advances, where you gift inheritances before you die, can get tricky. The same is true with creating a will that gives beneficiaries certain percentages in an effort to even things out, especially if a loan has been made. Unless you plan on updating your will every time a beneficiary makes a repayment on a loan, you will never be sure that your wishes will be fulfilled when you pass.A better plan is to leave each beneficiary the amount you want and include a provision for repayment of any loans based on their inheritance. This can be done with a promissory note and by keeping meticulous records of payments made so there is no need to update your bequest every time the loan amount changes.Whatever your family\u2019s situation, chances are good that your estate planning attorney has seen the situation before and will be able to discuss different options to achieve your ultimate goal. Don\u2019t be tempted to take a short-cut\u2014it could lead to larger problems that erode your estate\u2019s value, defeating your intentions and negatively impacting your legacy.Reference: The News-Enterprise (Sep. 8, 2020) “Distribution of estate can become a tricky matter“"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Blog","item":"https:\/\/www.amorusolaw.com\/blog\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Can You Distribute Unequal Amounts in an Estate Plan?","item":"https:\/\/www.amorusolaw.com\/blog\/can-you-distribute-unequal-amounts-in-an-estate-plan-new-york-ny-greenwich-ct\/#breadcrumbitem"}]}]