You may want to take care of your children in your will but suspect that they would blow through their inheritance in just a few years. That’s when a spendthrift trust comes in handy. Also called a ...

The aging population is expected to transfer $30 trillion in the coming years, per Forbes. According to the Survey of Consumer Finances, the median inheritance is $69,000; the median for trust fund ...

As we prepare for the Halloween season, there are many reasons to be on edge. These fears may involve ghosts and goblins for some, while others may view estate planning as frightening. Although I have ...

Sometimes you have to hold the reins tight, especially when it comes to money. A spendthrift trust does exactly that. “This protects people from themselves. Say someone has a drug, alcohol or gambling ...

Much of the estate-planning process is engaged with protecting vulnerable persons from negative outside influences. We name guardians to take care of minor children, utilize powers of attorney to ...

I am a widow and would like to form a trust so my only son could inherit my home, bank accounts and other assets quickly after I die. The problem is that my son’s spending is out of control, and I am ...

Freddie and Patsy Reynolds established the Reynolds Family Trust in 2005. The California couple were the original beneficiaries of the Trust, which contained a standard spendthrift clause stating that ...

It’s a common misconception in the estate-planning community that assets held in a spendthrift trust are protected against claims in a divorce. It’s also a common misconception that setting up a ...

Dear Liz: My wife (71) and I (68) have been diligent savers our entire lives. We have accumulated IRA assets of approximately $2 million along with a house and other assets. Our total estate is under ...

Dear Mr. Premack: I have a question about asset protection. Can you create a trust where the spouse that sets up the trust can also control the trust while having the assets in the trust protected ...

[UPDATE 4/30/2015 -- Bankruptcy Court's decision reversed by the U.S. District Court, see http://goo.gl/5iahmc -- See my Update Article at http://onforb.es/1Fzw7ej ...

Sit down with an estate attorney and talk in detail about your concerns. The attorney can write into the trust certain rules. For example, an heir may be required to reach a certain age before they ...