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Does guardian have access to estate to support kids?
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Anonymous
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Leaving money/life insurance directly to minor children is a terrible idea because then it will be under a court-appointed guardianship until they turn 18 and then the kids have the whole thing with no restrictions. There are a variety of tax planning devices besides the ILIT to deal with life insurance issues.
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Anonymous
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Did you see this article in the NYTimes?
http://www.nytimes.com/2010/09/11/your-money/11money.html?src=me&ref=general |