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he suggested setting up a trust to help pass our estate on to our 12 yo daughter.

Any comments on this? Good advice or not?


I first became aware of this advice when reading Dacey "How to Avoid Probate" in the mid 70's. Published in 1965. Standard advice. Obviously, you should use a lawyer set it up. Lawyers were scandalised when Dacey wrote this, but now it has become quite common. In our little community weekly newpaper, a number of "estate lawyers" run little 3"x3" ads for this service.
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