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The Top 7 Mistakes in Estate Planning #6: Not Planning to Protect Children and Grandchildren’s Inheritances

     Many people have wonderful, effective planning to pass their wealth down to the next generation, but what then?  Inheritances distributed outright can be lost, to divorce, lawsuits and creditors.  It is critical to consider protecting your children and grandchildren by leaving their inheritance in trusts accessible for their own needs while barring creditors and predators.