Although you may have taken the time to create well structed wills and trusts, there are some common challenges which may present themselves upon your passing. Disputes amongst beneficiaries can result in bitter family relations, costly court proceedings and financial devastation. The following are some proactive measures you can take to avoid common challenges and ensure your documents accomplish your intended goals. Treat children equally: Certain family dynamics may have you questioning whether your assets should be divided equally. However, to avoid potential complications, equal distribution may be a wise decision. If you have two children, leave each half of all assets. Setting up a trust for a child with bad spending habits can be a useful tool to help protect and manage their assets. This way, a designated trustee will have the responsibility of managing assets for their benefit. The trust may specify how assets can be utilized, establish
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