{"id":5912,"date":"2017-01-01T09:00:37","date_gmt":"2017-01-01T09:00:37","guid":{"rendered":"http:\/\/www.racinelaw.net\/?p=5912"},"modified":"2017-01-01T09:00:37","modified_gmt":"2017-01-01T09:00:37","slug":"can-spend-kids-inheritance","status":"publish","type":"post","link":"https:\/\/www.racinelaw.net\/blog\/can-spend-kids-inheritance\/","title":{"rendered":"Can I Spend My Kid\u2019s Inheritance?"},"content":{"rendered":"

By Lane V. Erickson, Attorney<\/a><\/p>\n

Let\u2019s assume you have been vigilant in completing your estate planning. You have your Last Will and Testament in place and it includes specific gifts that you are leaving for specific people. You have a boat that your Last Will and Testament leaves to your oldest son. You have an heirloom china set that\u2019s been in the family for several generations that Last Will and Testament gives to your daughter. You have nearly a half a million dollars stored away in savings and retirement accounts that will also go to your children once you pass away.<\/p>\n

But, what if you change your mind. What if you decide that you want to travel the world. What if you suddenly find yourself in need of the money You have work so hard to store away. Can you go ahead and use the money, or sell the boat or give the china to someone else even though these things are specifically described in your Last Will and Testament as going to someone else? The short answer is yes. These items belong to you and you can do whatever you want with them, even if you have specifically listed them in your Last Will and Testament.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

By Lane V. Erickson, Attorney Let\u2019s assume you have been vigilant in completing your estate planning. You have your Last Will and Testament in place and it includes specific gifts that you are leaving for specific people. You have a boat that your Last Will and Testament leaves to your oldest son. You have an […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-5912","post","type-post","status-publish","format-standard","hentry","category-estate-planning"],"yoast_head":"\nCan I Spend My Kid\u2019s Inheritance?|Racine Olson<\/title>\n<meta name=\"description\" content=\"If you have questions about your Last Will and Testament, or leaving an inheritance for your children, we can help. 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