shutting-kids-out-family-fortune-wsj: Personal Finance News from Yahoo! Finance
I thought this article was interesting on several levels. First this is a good example of a will carrying out the wishes of the principle subject, gotta believe this was contested and stood up in court. We all have a preference as to how our last wishes are carried out but unfortunately the majority of us leave it up to the government to decide how our assets are distributed. Studies show that around seventy percent of Americans do not have a will drawn up, leaving it up to their last state of residence to divide their belongings up according to that particular states laws. Do we really want the government making our last decision for us? I don't.
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The second thing that struck me about this story was the importance of following the law "Honor thy Father and Mother". You never know when mom or pop might hit the jackpot and if you've been a pain all their lives, well, at least your grandkids might be taken care of.
Now excuse me while I go check my family tree to see if I'm connected to this guy in any way.
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