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
8 great summer vacation deals Want the perfect summer getaway? MONEY searched for destinations with balmy weather, unique attractions, fun stuff to do, and great deals from four different categories: beach, mountain, culture and city. More
Best ways to catch up on your retirement savings Even the most financially responsible people make a few mistakes or run into obstacles along the way. These tips -- from cutting taxes to selling securities -- can preserve a safe retirement. More
Nearing retirement? Fortify your finances Your financial goals are within reach. Here are tips and tools to make sure you achieve them. More

Special Offer

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.