While many people create an estate plan that simply divides their assets among the number of heirs they want to leave money to, you can be more specific regarding your assets. Whether you want to leave a cash sum to one child, and set up a trust for a grandchild, you have the right to do whatever you want with the money in your estate. If you are concerned about how an heir will spend the money, or if you want the money saved for a child's education, you can create specific trusts in order to do so.
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