Why leaving money to your kids could be a financial mistake, according to a California lawyer.
TL;DR Summary
California-based estate planning and asset protection lawyer, Brittany Cohen, advises against leaving anything to your children when you die, as it can lead to serious financial and legal issues. Instead, she recommends creating a living trust and making your children beneficiaries. Cohen also advises against adding your children's names to the deed of your primary residence and going through probate court. She suggests seeking advice from an estate lawyer or financial planner to protect your assets and set your loved ones up for success.
- This California lawyer warns that you should 'never leave anything' to your kids when you die — says it will lead to serious financial woes. Here's why and what you should do instead Yahoo Finance
- This California lawyer warns that you should 'never leave anything' to your kids when you die — says it will lead to serious financial woes. Here's why and what you should do instead MoneyWise
- I'm an asset protection attorney - here's why you should NEVER leave money to your kids Daily Mail
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