Kiplinger

When Should Your Children Get Their Inheritance?

One of my clients who was leaving $2 million to his three adult children had to decide when each of them would receive a portion -- or all -- of their inheritance.

The oldest one, in his mid-50s, received his full share immediately after his father passed away. However, the other two children were in their late 30s and were treated differently. Their inheritance was kept in a trust with one-third given to them at age 45; the next one-third at 50 and the remainder when they turned 55.

The father's intention was to

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