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Wednesday, October 3, 2012
Leaving Your Assets to Your Adult Children in Trust
Unfortunately, a valuable planning opportunity is lost with this type of set-up. Why not consider leaving the funds to the adult children in trust and allow them to receive income and principal as needed? You may even make them co-trustee or sole trustee of their own trust!
You may ask "What's the point, then?" and the answer would be that leaving the assets to your children in trust, even one that they may control, provides valuable protection for the children in case of creditor problems or divorce.
Consider this type of planning and you will be providing a valuable benefit for your children.