Kiplinger

The Do Over Trust: Protecting Your Adult Children from Themselves

Wealthy parents and grandparents who have dutifully planned ahead for their children's futures should consider this cautionary tale.

It's 1998:

You accumulated sizable estate assets and you and your lawyer created an irrevocable dynasty trust for your infant son to protect his legacy and provide him a long-term financial safety net. You were a thoughtful and loving parent.

It's 2018:

A lot has happened over the past 20 years. The business world has changed and the path to independent adulthood lies obscured in your son's generation's

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