Strategies for Dealing with Greedy Heirs
Greedy for the property of others, extravagant with his own. A quote by Sallust, Roman historian
Whether it is your spouse, an adult child, a niece or nephew or a grandchild, you may have an heir whose interest in receiving part of your estate is unsettling. It is important to remember that with these types of individuals, they are likely to spend through any inheritance you leave them, regardless of the amount. The typical greedy heir has little appreciation for the testator from whom they inherit.
If you are willing to spend the time, and hire a good estate planning lawyer, there are several things you can do to ensure greedy heirs don't get a share of your estate. To learn how to prevent your legal heirs from receiving an inheritance, see the following articles:
How to Change Your Will
How to Protect an Adult Child’s Inheritance from Other Heirs
No-Contest Clauses
Disinheriting an Heir
Quotes on Inheritance
Charitable Giving
Charitable Gift Annuities
What Your Heirs May Do to Your Pets When You Die
Controlling What Happens to Your Family Memorabilia After You Die
Reasons to Protect Your Parents' Assets and Estate from Unscrupulous Siblings
How to Protect Your Parents' Assets and Estate from Greedy Siblings
Finding an Attorney
Greedy Heirs Portrayed On Film
For a humorous take on the family dynamics that often exist when one family member may leave a substantial inheritance to his heirs, see the movie Greedy
. Featuring an outstanding cast which includes Kirk Douglas, Phil Hartman, and Michael J. Fox, this film reveals many truths about human nature as it relates to inheritances and property.