There are a number of good reasons to treat your children differently in your will or trust. These include a situation where one child has been fabulously successful and simply doesn’t need the money, or where a child is in the midst of bankruptcy or divorce and receiving a large inheritance would simply put the inheritance at risk. Provided your planning can be updated later, it’s probably best to exclude the child until they get through their personal turmoil, after which they can be named as a beneficiary. Also, where a child has special needs . . .
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