If my estate is divided equally between my 3 children, can I specify the inheritance less a dollar amount that is owed to me by one of the children?
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If my estate is divided equally between my 3 children, can I specify the inheritance less a dollar amount that is owed to me by one of the children?
Asked on August 19, 2015 under Estate Planning, Michigan
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 9 years ago | Contributor
You can specify anything you wish in your Will so long as it does not go against the laws in your state. You can state the issue in another way by naming the loan to the child and stating that it must be paid back and that it can be paid from the proceeds of their share of the estate. I would ask a lawyer in your state for the correct wording. Good luck.
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