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[quote=Anonymous]Definitely set up a trust (unlike what the other person said, it should be a 'revocable living trust'). This can make things set up in any way and stipulate and series of events. For instace, if you would leave more to children with your grandkids or would not want money going to a child's spouse if your child died without children, all of this can be taken care of that way. For irresponsible children, you can have a 'sprinkled' trust - meaning money is doled out by the year, not in a lump sum. Anyway, it pays to have your estate this way to also avoid court probate for your heirs. It costs a couple thousand usually to pay someone to do this, plus a will, plus medical directives, but once you do it, it's done (and you can change it later on if you want). The Mike Collins firm did ours, and they were great. Well known group that does this.[/quote]
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