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August 2, 2011

Estate Planning With Difficult Children In Mind

It’s always an uncomfortable inquiry, however one that has been weighing on the parent: what do we do about the minor that has stumbled from one difficulty to the following, and probably will never get on their feet? Or, is it OK to disinherit the ungrateful son or daughter who turned their back on the family? Having spoken to many parents about their families, the presence of some degree of dysfunction in the family is the rule rather than the exception. Discussions about a family nearly always comprehend one or more large challenges caused by a minor. While most parents are hesitant to discuss sensitive family issues, in the context of estate plotting it is vital to confront the issues and go forward rather than procrastinating and avoiding the issues altogether. When parents have a minor requiring extra attention, there are many questions to domicile, however two locate the framework for moving forward: Does the minor merit treatment different from his or her sibling? If so, what options exist and what approach makes sense?
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