Readers to the rescue

Get tips from your peers on how to solve your thorniest money challenges.

2 of 8
BACKNEXT
Splitting heirs
Splitting heirs
Nakia Haskins, Brooklyn, NY
My daughter, a pharmacist, earns more than my son, a middle-school teacher. I am proud of them both but plan to leave most of my estate to my son. Am I being fair? --K., Richardson, Texas

Our reader says: Tell your children what you're planning and why. You don't want them to find out at the reading of your will and possibly cause friction between them at a time when they'll need each other most. --Nakia Haskins, Brooklyn

The expert says: What if your daughter becomes ill or your son wins the lottery? asks attorney Colleen Barney, co-author of the estate planning book Best Intentions. You won't be able to adjust your bequests to their changed circumstances after you're gone. But you can help the child who needs it most now: You can give up to $13,000 per recipient a year without triggering a gift tax.

NEXT: Credit card snooping
Last updated June 17 2010: 8:33 AM ET
More Galleries
Best deals on cars Money magazine's Best Deals on Everything: Your guide to the latest bargains in used, new and leased cars. More
Best deals on real estate Money magazine's Best Deals on Everything: Your guide to the latest bargains in renting, buying or remodeling your home. More
Best deals in investing Money magazine's Best Deals on Everything: Your guide to the latest bargains in the investing world, from beer can makers and ETFs, to Chinese technology and more. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2013 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2013 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2013. All rights reserved. Most stock quote data provided by BATS.