"We have a large estate, which is both a blessing and a worry. I agree with Warren Buffett - leaving too much money to a child can do much more harm than good. You have hosted a great family meeting where we all talked about this. The kids are now 'on board' and understand why we are leaving them much less than they expected. We now have a Family Foundation and have everyone involved. What a pleasure!"
C.Z.
"Our family situation is anything but simple. Our previous lawyer didn't want to deal with it. I feel that you truly listened to me and helped us put together a trust that deals realistically with my very different kids - one keeps giving her money away, one can't save a penny, and the other just keeps having problems. Amazing! I found an attorney who actually listened to me!"
F.V. |
A Family Protection Trust (FPT) holds assets that you would otherwise leave directly to your children. Money and other inherited assets can be lost in the event of divorce or if the child is sued. The FPT is designed to protect such assets from creditors, divorce, and estate taxes. Your children can have virtually unlimited control over FPT assets.
In the event of death, other documents are required to manage and ultimately to distribute the assets in your estate. These documents usually take one of two forms: 1) a revocable living trust or 2) a will. Both documents direct the distribution of your property according to your wishes, but the benefits of each must be considered in light of individual circumstances. |
