Children. The moment you receive your bundle of joy, your aim is to guard the child from anything that puts them at risk. We also seek to ensure our kids are ok long after we are gone.
But not all children are responsible with money.
Many kids grow up to become irresponsible with the wealth of their parents. They sit back and spend the money that you have worked hard for, leaving you with no choice but to take things the way they are. Some parents disinherit their kids so that they learn a lesson.
But for most parents, this is not a decision they can make. This is why many parents make the wise step of seeking advice from a skilled estate planning lawyer.
One aim of seeking wise counsel is to understand what to do with the reckless child. Should they be included the will or should they be disinherited? True to their words, the lawyer usually assesses the situation and gives the way forward as expected. Good thing is you have various options to take when your kid is irresponsible.