One can protect an inheritance they leave to a loved one by leaving that share of the inheritance in a Protective Trust. That gives the adult who inherits the money more protection to keep them from losing that inheritance by squandering it, losing it in a divorce, or losing it in a car wreck lawsuit. An excellent way to do this is in a trust for your loved one inside your Living Trust, aka Revocable Living Trust, aka Family Trust. When the Living Trust is properly written and the assets titled in the trust, the Living Trust skips the expense, delay and publicity of Probate Court.
A loved one’s inherited share inside a Protective Trust may be “super charged” through investments which grow over time. The growth on the assets can be paid out monthly for your loved one. Meanwhile you continue to protect and grow the remainder. Over time you may be “super charging” the inheritance so that it grows multiple times its initial value. The inheritance can last the lifetime of the loved one and for generations beyond.
At the Law Firm of Steven Andrew Jackson, Attorney and Counsellor at Law, we have helped hundreds of families protect themselves and their loved ones, avoid Estate Taxes and Probate Costs, and keep their Estate Plans current with the law through The Customized Protective Estate Planning Solution™.