UET ADDDDDS
A nice day today, eh?
No one's perfect. (Our mothers told us this).
Unfortunately, sometimes a loved one develops an issue. A problem. With drugs, alcohol, or other behavior. Way more common that most of us think. The National Council on Alcoholism and Drug Dependence estimates that:
While some of it is harmless, serious substance abuse is not. From the Journal of the American Medical Association: Up to 60% of patients who receive substance abuse treatment will relapse within one year. YOUR estate planning Will leaving them part of your money not help things? Make the problem worse? Your choices
A trust provision requires the trustee to give or use the money in the trust for the benefit of someone else. In the beneficiary's best interest. This provision is a 'trust' arrangement. Discussing this when you create or update a will or trust is part of estate planning. If you have this situation, you can deal with it. A case: You have an adult child with a serious drug addiction problem. The child has a son or daughter the MA court has given you custody over. You're not sure where your own child is living. A hard place to be. But if you die, do you want the money to go directly to your addicted son or daughter? This is the estate planning issue.
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March 2023
AuthorI'm Joel Bernstein, an estate planning attorney with over 30 years of experience. I use plain English to help you understand wills, trusts, and the other documents you need to protect your loved ones and your estate. |
Most middle-aged people aren’t ready for their inevitable death. We make estate planning simple, affordable, and quick. So people can live in peace, knowing their affairs are in order. |