Episode Details
Back to EpisodesDon't Leave Money Directly To Your Kids When You Pass Away
Published 2 years, 7 months ago
Description
Free Estate Planning Strategy Session for California Residents
www.ocestateplanlawyer.com
Don't leave your kids any money when you die. This is a little bit of a trick, because ultimately you want your kids to benefit from your inheritance. The best way to do this is to set up a living trust, leave your inheritance to the trust, and have the trust distribute money to your kids, or on behalf of them as the beneficiary. This does two things. First it protects them from making bad decisions themselves, and also can protect that money from people they owe money to like creditors, bankruptcy, lawsuits, and even spouses. #Kids #EstatePlan #Beneficiary #FillThatBucket, #Pevney #OrangeCounty #California #LagunaHills #SanJuanCapistrano
www.ocestateplanlawyer.com
Don't leave your kids any money when you die. This is a little bit of a trick, because ultimately you want your kids to benefit from your inheritance. The best way to do this is to set up a living trust, leave your inheritance to the trust, and have the trust distribute money to your kids, or on behalf of them as the beneficiary. This does two things. First it protects them from making bad decisions themselves, and also can protect that money from people they owe money to like creditors, bankruptcy, lawsuits, and even spouses. #Kids #EstatePlan #Beneficiary #FillThatBucket, #Pevney #OrangeCounty #California #LagunaHills #SanJuanCapistrano