Estate Planning with Protective Inheritance Trust (PIT) Provisions

ByJack Stephens

Okay, you’ve got a child who doesn’t understand marriage and is twice-divorced; a child who attracts lawsuits like teenage groupies to a rock star; or, a child who flirts with bankruptcy like a “hot” swimsuit model. Do you just ignore the characteristics of these children for inheritance purposes? THINK ABOUT IT. Shouldn’t you give some…

Why Are You Jeopardizing Your Childrens’ Inheritance?

ByJack Stephens

Take a look at the beneficiary distribution provisions of your Trust. If they conclude with the terminology, “outright and free of Trust,” there is no asset protection for your beneficiaries, usually your children. Let’s look at an example. Joyce and Joe have a Living Trust for the family designating their three children, Jim, Jane, and…