Niblings and their inheritance is another way of saying gifting assets to nephews and nieces. The term nibling is intended to be gender neutral term versus locking an estate plan into rigid requirements.
Before taking yourself down the path of woke pronouns, this new aged term is not for that. Instead, I like this term when we might not know which nephews or nieces will be alive to help with our estate.
Estate planning for nephews and nieces is a common thing for adults without children or a spouse. As the human experience can confirm, our estate plans need to change as our family dynamics change.
If you are wishing to give an inheritance to niblings and are working through the in’s and outs of this type of asset transfer, you found the right place.
Niblings as an Estate Planning Term
One of many reasons a trust or will might use the term nibling is because the oldest or youngest nephew and niece cannot be identified.
For example, a sibling may have more children after a trust or will is created. Instead of revising an estate document after each birth, using a gender neutral term can account for new additions to a family.
Also, drafting estate planning documents usually means creating back-up plans specific to a class of family member. So, instead of worrying about the birth order of every nephew and niece, the term “niblings” can alleviate the stress of predicting.