Ask an Attorney - Leaving Inheritance Instructions

Ask an Attorney - Leaving Inheritance Instructions

There are three basic ways to leave instructions for your children on how they can spend their inheritance: 1) include instructional language in your will that is not legally binding called precatory language; 2) place a legal restriction that can last up to 21 years on the sale of an asset; and 3) create a trust that can be used to control the money for the benefit of your children. This video provides information and examples for each of these three options.


Can I Leave Instructions for My Children on How They Can Spend Their Inheritance?