3 THINGS TO KNOW ABOUT SPENDING YOUR KID’S INHERITANCE

By Lane V. Erickson, Idaho Estate Planning Attorney So you’ve worked hard your entire life and have put together a pretty good retirement plan for yourself. Your house is paid off, your cars are free and clear of any debts, and your investment and bank accounts are bulging. In your last will and testament you leave your vacation property to your children and a gun that has been in your family for a hundred years to your oldest grandson. You also leave all of your accounts to your children. You told your family all about your last will and testament and everyone knows what you are leaving them. Originally you simply wanted your last years to be quiet and low key. But let’s say that you talked to some of your friends who are seeing the world. They tell you all about their latest adventures and eventually you change your mind and decide that you want to start traveling. You looked over the cruise ship brochures and you have several exotic destination cruises that you…

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