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Reply to "Managing an estate in a blended family"
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[quote=Anonymous]I would ask your father to reconsider this idea of her having to come to you to ask for money for large purchases. What if you decided you didn't like her or something happened to you? Coming up with a set yearly distribution from the trust would make everything much simpler, and it would completely protect his wife. It shouldn't be too hard for them to determine a budget, and then have a provision that it increases with inflation. If she wants to buy a car every two years for the next 10 years figure out the approximate cost and factor it into the yearly amount. I think this would be much easier, than having individual large purchases scrutinized. I don't know if your father needs to tell your sister all the details, but I do think he should let her know that he expects his wife to live out her life in their current standard of living and that this will be reflected in his will.[/quote]
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