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Parenting -- Special Concerns
Reply to "Divorced parents, trust fund"
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[quote=Anonymous]No. Set up a trust for the parent and separate trusts for the children with the parent as the trustee. The children don't get access to most of their money until middle adulthood (late 20s-mid 30s), so they would no longer be financially tied to the other parent and the difference in financial situations is not really relevant. It would be similar to a child who went into a high paid profession and made a lot of money as an adult. You don't have to worry about being richer than your parent when you are an adult. [/quote]
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