What Conditions Can I Put on My Child’s Inheritance?

What Conditions Can I Put on My Child’s Inheritance?

You have two primary options for leaving an inheritance to a child. The most straightforward is to give it to them in a single lump sum, with no strings attached. But this might not be the best option for some children. You may be concerned about the child’s ability...
Setting Up a Trust for an Addicted Loved One

Setting Up a Trust for an Addicted Loved One

A trust does not guarantee that an addicted person will be protected from their own bad decisions, but it can be structured in a way that helps ensure that an inheritance is used to their benefit and not to their detriment. The Instructions Can Be Tailored to Meet...
Estate Planning for Beneficiaries with Substance Abuse Issues

Estate Planning for Beneficiaries with Substance Abuse Issues

There is not a one-size-fits-all solution for assisting a loved one who is dealing with substance abuse. What most experts agree on, though, is that you cannot force someone to undergo treatment. Family members can encourage recovery, but ultimately, the decision to...