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Gifting Better

If you are in a position to make year end gifts to your children or grandchildren, you may want to make the gifts through trusts. If you create trusts for the benefit of your children or grandchildren, the gifts will be significantly protected from divorce claims or lawsuits filed against your children or grandchildren. Why simply write a check or assign assets to your loved ones and expose the gifts to the bad guys (divorcing spouses and plaintiffs in a lawsuit)? Instead, you can establish a gift trust for your beneficiary and give him or her the benefit of the gift with the protection of a trust.

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