Protect your beneficiaries from their judgment and tax creditors, predators seeking deep pockets, your nagging in-laws, and your in-laws who may become your beneficiary’s “out-laws”.
Outright inheritance or poor estate planning exposes your beneficiaries to losing the inheritance you worked hard to leave to them. Ask yourself these questions:
- Would you work hard to build a legacy and then make the government your partner at death?
- Are you content with judgment creditors taking the inheritance upon it hitting your beneficiary’s account?
- Do you want your disabled beneficiary, or beneficiary potentially eligible for government benefits to lose their inheritance to care costs or reimbursing the government?
If the answer to any of these questions is a hard “No!” then you have options: trust planning. You can protect your beneficiaries in the river with a staggered age payout trust, a lifetime asset protection trust, a special needs trust, or a variety of other trust plans specific to you and your wishes.
Edwards Estate & Elder Law can help you understand the benefits and design trust planning to protect your beneficiaries from creditors, predators, in-laws and “out-laws”.
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