Your Money: Betwixt and between – a look at testamentary trusts

Michael Baron
Apr 25, 2021
Apr 25, 2021

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Dear Michael: We have managed, through hard work and some luck, to amass a good-sized estate. However, we did not have children until later than the average. Even though we are in our 50s, we still have children who are either in college or high school. How do we plan to be in our 50s and 60s when our children will be in just their 20s? We seem to be caught betwixt and between with no idea how to plan for it. What do you suggest? – Betwixt and Between.

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Michael Baron provides estate planning guidance at Great Plains Diversified Services in Bismarck, North Dakota. Email him at KeeptheFamilyFarm@gmail.com.