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Letting Go of the Dead Hand

Letting Go of the Dead Hand

The shortcomings of traditional trust planning.

Taylor, the only child of her entrepreneurial parents, was 23 when she first found out about the trust created for her benefit. Taylor knew her parents loved her, but she jokingly commented that her parents’ gold-mine of a business was like a sibling to her—maybe the favored sibling. Taylor’s parents didn’t come from wealthy families themselves and, while they loved the idea that they could “give their daughter the world,” they were more worried about the potential negative impact their

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