A difficult question that is on the mind of many parents who have an estate plan in place is, “How can I prevent my child(ren) from wasting their inheritance?” TuckerAllen estate planning attorney, Nina Windsor, is joining Attorney-CPA Joe Cordell and co-host Jill Enders this week to answer this very question.
When thinking of the future of your assets, your concern may come from your child’s reckless overspending, or your worries could be rooted in your child’s history of substance abuse or destructive relationships. Ms. Windsor details the best way to approach this situation when it comes to your estate plan. She explains how often she encounters this issue, what is considered an “irresponsible” adult child, and the types of trusts you can set up to protect your child from themselves.
If you have any questions about estate planning or elder law, get in touch with an attorney at TuckerAllen.