Got heirs who can’t handle money? A trust can help

Another benefit of using a trust structure centers on helping heirs who possess a less than stellar past in managing their own assets. If you question whether they can responsibly manage the assets they’d inherit, a trust can be created that will divvy out this money a little bit at a time over a term of years.

Under this structure, you, as the benefactor, could use percentages or set dollar amounts that apportion a certain amount to your heirs at, say, when they reach the age of 35, another at 40 and so forth. 

Doing so protects the heirs from themselves to use the assets in an irresponsible way.

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