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How Can I Leave Money to My Financially Irresponsible Children?

 

The main importance of a trust is for tax implications for the receiver. If a person is not a good money manager, if a person has the heart the size of Montana, but they don’t know how to manage money correctly, the Trust has an executor or guardian who has to follow the specific instructions that you set up, that you dictate is important at the timeframe that you find is most needed. So it protects your wishes and goals moving forward. So even though you’re not there, your wishes are still being followed.

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