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August 28, 2006

Fractions in Wills.

For the most part, your Will or Living Trust can have any sort of distribution method you prefer for your beneficiaries. Your estate can be divided into equal shares, unequal shares, percentages, fractions, dollar amounts and by item.

The most common approach is to divide your estate equally among your children. Regardless of your approach, the main thing to be concerned with is that it is clear what your intention is after you are no longer around to explain what you meant.

Stan Rule, an excellent Trusts and Estates attorney in British Columbia, has a neat blog worth reading. He wrote about such an odd case he came across about fractions, sons and daughters. Read his post to see what I mean.

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