Estate Planning & Living Trusts

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17. Minor children or grandchildren

If you have minor children or grandchildren and you have a simple will (which many people have), it may not give you the control you want.

That's because the court (not the guardian you name in your will) will control the child's inheritance until the child reaches legal age. At that time, the child will receive the full inheritance.

This is not what most parents and grandparents would want. Most would prefer that the court not have control over the child's inheritance, and that the child inherit at a later age. But with a simple will, you have no choice.

 

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