Griffin West, 48 and a widower, and Hailey Burnette, 44 and previously divorced, were married five years

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Griffin West, 48 and a widower, and Hailey Burnette, 44 and previously divorced, were married five years ago. There are children from their prior marriages, two children for Griffin and one child for Hailey. The couple's estate is valued at $1.4 million, including a house valued at $475,000, a vacation home at the beach, investments, antique furniture that has been in Hailey's family for many years, and jewelry belonging to Griffin's first wife. Discuss how they could use trusts as part of their estate planning and suggest some other ideas for them to consider when preparing their wills and related documents.
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Personal Financial Planning

ISBN: 978-1305636613

14th edition

Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk

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