What does disinherit mean?
Step 1: Consider who you can and cannot disinherit
Can I disinherit a spouse?
Can I disinherit children?
Can I disinherit a parent?
Can I disinherit extended relatives?
Step 2: Move forward with your decision
What are the reasons for disinheritance?
- You have an estranged relationship or minimal contact with heir
- You believe the heir has enough financial income and inheritance is unnecessary
- You feel the heir has not supported or cared for you in the past
- You have already provided past financial support to your child/beneficiary
- You don't believe that the heir is financially responsible
- You don't support the heir's lifestyle or behavior
- You accidentally disinherit someone (meaning you didn't update your Will)
What is accidental disinheritance?
Step 3: Update your Will with a disinheritance clause
Example disinheritance clause: Using a clause that states the heir will not receive any inheritance, such as, "I am choosing to leave no assets to my daughter, Ashley," confirms that a child has been disinherited from a Will.
Being mindful of updating your estate plans
- Birth of a child
- Death of a spouse
- Death of executor or beneficiary
- Significant change in assets
- Starting a business
- Change of residence
- Health changes