I heard a story from another lawyer today, although it is sadly quite common. A grandfather, trying to do something for his grandkids as his dying wish, left those grandkids a bunch of money. His grandkids are still young - teens and preteens. He probably figured he would help them get a leg up by leaving them each about $1 million. So how is that a mistake? The problem is that he left those gifts to the kids directly, rather than using a trust. Why does that matter? Because when the ...
