Yes, this is important to me
Your plan today is your family tomorrow
Create a plan that’s unquestionably clear, and leave an inheritance of peace. Because your legacy isn’t your estate, it’s your children.
“Ta said the loan he gave you for your home was a draw against your inheritance”
“They want us to split the house between the six of us, does that mean we evict Bracha, or have her borrow to buy the rest of us out?”
“Does this mean I have to keep Yehuda in the business? He’s not really doing a good job running it”
“Halachically Moshe should get double, does that mean we’re doing wrong if we take our share as per the will?”
“Dovid wants to sell but the others say they’ll step up and help out if he stays on. I don’t know. I wish Dad would have told us what he thought we should do”
“I don’t understand. Chaim runs the business, and he says profits are less than they used to be — but 15% is a big cut. Is he skimming it?”
When the conversation doesn’t happen before, it happens after
At that point, you're not there to help them get it right.
Have that honest discussion
about your plan
Own your responsibility, and help your children carry out your wishes
Feasible to fulfill your wishes
Spares your children from a daunting challenge — of forgoing what’s halachically theirs (or not)
Even if they don’t agree, they know it was your intention
Makes your children’s lives simpler, and avoids extra legal fees
It’s futile to dispute it
Nobody has reason to suspect someone else’s will snuck into your own
“Later,” you tell yourself. “I’ll do it later.”
Once you reach 60, later is now.
Mature enough to thoroughly understand your children and arrange accordingly.
Young enough so nobody questions your decisions.
Take the first step to a clear plan — and get the information you need to draw it up right.
What to consider
The most important plan you’ll ever create is often the one you least know how to plan. Here’s what to think about before you start:
For straightforward estates
You own a house, have some savings, and would like to split things fairly among your children
For complex estates
You own a business, have a diverse range of assets, and might need to designate who will take care of it if you can’t anymore
You want to act responsibly, and do right by your children.
Give them the gift of a thoughtful and thought-out will, that makes it easy for them to do what you wanted, and shows you cared. Even if you’re not there to say it.