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Reply to "Financial planning when you know you'll be inheriting a trust"
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[quote=Anonymous]I would ask your parents for more info about the trusts for planning purposes. Our generation skipping trust does go to my dh and his siblings when his parents die and then to our children (and nieces and nephews ) when our generation dies. But his parents could use it up...or we could use it up and there would be nothing there even though it is set up to be passed. And I married into the family...if we divorce I get nothing. If DH dies, his siblings control the trust until it transfers to the next generation. So, yes, if you have the ability to plan for your husband if something goes wrong, that would be smart.[/quote]
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