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That might mean naming them as beneficiaries on your accounts.
But what if making your kids your account beneficiaries could cause more harm than good?
GOBankingRates explored why naming your kids especially when theyre still minors might not be the best idea.
Making their lives complicated is the last thing you want to do.
Yet naming your kids as account beneficiaries might do just that.
If the judge denies any requests, the guardian might also be saddled with additional financial pressure.
This can result in a discrepancy of hundreds of thousands of dollars.
You Could Be Giving a Teenager Access to Big Money
Think back to yourself at 18 years old.
Would you have trusted yourself with a large sum of money at that age?
If youre being honest, probably not.
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