Is it wrong to inherit money and will the children know the value of it? 13 Answers as of June 27, 2013

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Hamblin Law Office | Sally Hamblin
Not sure what your real question is. A will is a public document once it is probated. It is not wrong to inherit money if that is what the deceased wanted.
Answer Applies to: Michigan
Replied: 9/25/2012
James T. Weiner & Associates, P.C.
James T. Weiner & Associates, P.C. | James T. Weiner
No its not wrong..and what children are you talking about if they are heirs of the estate they will probably get a full accounting and know how much you get.
Answer Applies to: Michigan
Replied: 9/24/2012
Law Offices of Michael N. Stafford | Michael N. Stafford
There is no wrong to inherit money.
Answer Applies to: California
Replied: 9/24/2012
Law Office Of Victor Waid
Law Office Of Victor Waid | Victor Waid
No it is not wrong to inherit money. As to your question as to whether the children will know the value of it, only you would know the answer to that question; since you have reservations, you may want to wait awhile to obtain answer to that question.
Answer Applies to: California
Replied: 9/24/2012
Frederick & Frederick PLC | James P Frederick
That is kind of a loaded question, in a great many ways. I would say no, it is not wrong to inherit money. It is natural and normal for a loved one to leave behind what they wish to, for those people closest to them. Your second question is tougher than the first, but it largely depends on the facts of the situation. People tend to value what they are taught to value. If the parents taught the children to be appreciative and to be good stewards of their resources, MOST of the time, that is what the children learn. It is not the same in every case. There are many planning tools available to protect beneficiaries; sometimes, even to protect them from themselves. The best thing to do is meet with an estate planning attorney and make sure things are properly set up.
Answer Applies to: Michigan
Replied: 9/24/2012
    Bassinger & Harvey
    Bassinger & Harvey | Randy J Harvey
    Inheritance is a normal legal process for passing on the wealth of one generation to another, and it is completely legal. Whether, the heirs will value the inherited wealth is impossible to determine.
    Answer Applies to: Oregon
    Replied: 9/21/2012
    THE BROOME LAW FIRM, LLC
    THE BROOME LAW FIRM, LLC | Barry D. Broome
    It is not wrong to inherit money. If the deceased had you in the Will then you have a right to own it.
    Answer Applies to: Georgia
    Replied: 9/21/2012
    Goldsmith & Guymon
    Goldsmith & Guymon | Dara Goldsmith
    In Nevada when a probate is filed, all relatives within the 2nd degree of consanguinity and affinity (children, parents, grandchildren, grandparents, siblings and spouse) must be noticed and provided the details. So the answer to your question is "yes." A decedent's children will be provided with copies of all pleadings in the matter and will know exactly who is receiving what.
    Answer Applies to: Nevada
    Replied: 6/27/2013
    Charles M. Schiff, Attorney at Law
    Charles M. Schiff, Attorney at Law | Charles M. Schiff
    Yours is a philosophical question rather than a legal question. The law allows wealth transfer from one generation to the nest. Therefore, attorneys will continue to advise people as to the best method to accomplish this desire with a minimum of tax obligation. If you want to discuss the merits of the system, or change it in some way, you need to contact your legislative representatives.
    Answer Applies to: Minnesota
    Replied: 9/21/2012
    Neal M. Rimer, Esquire
    Neal M. Rimer, Esquire | Neal M. Rimer
    It is not wrong to inherit money. More than likely the heirs at law will know of the distribution and perhaps they will know the value. A gift from a parent is just a mere expectancy. There is no legal requirement for a parent to leave their assets to a child or children. There is no requirement for anyone to leave anything to anybody. It is up to the individual to determine to whom they desire to leave any or all of their assets if they exist upon their death.
    Answer Applies to: California
    Replied: 9/21/2012
    O'Keefe Legal Services, L.L.C.
    O'Keefe Legal Services, L.L.C. | Sean P. O'Keefe
    In Maryland, one may inherit money from a decedent; it is not "wrong." If the inheritance is coming from the probate estate, then it will likely be a public record on file with the Register of Wills where anyone may learn the value.
    Answer Applies to: Maryland
    Replied: 9/21/2012
    Whiteford, Taylor, & Preston | Edwin Fee
    It isn't "wrong" to inherit money. Whether "children" will know the value of the inheritance depends on a number of factors, including the form of the inheritance, your relationship to the decedent, and whether the "children" are the children of the decedent.
    Answer Applies to: Maryland
    Replied: 9/21/2012
    Martinson & Beason, PC
    Martinson & Beason, PC | Douglas C Martinson II
    It is not wrong to inherit money and it depends on the children as to whether they will know the value of it. You can always leave your property in trust for your children and can put some requirements on your children to receive money from the trust. And you can always give your money to charity.
    Answer Applies to: Alabama
    Replied: 9/21/2012
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