Beneficiary with a problem
Control the spending of others - Yes, that is within estate planning!
We will talk about your situation and family. And your assets.
And if a person you want to leave money to cannot control their spending or control their ow actions, you begin to talk trusts.
A trust is a way for you to do that. Here is how a trust works.
Some people cannot deal well with money, for one reason or another.
MANY different people need protection. Reasons vary. But in the law this brings up the topic of trusts.
In your estate planning you can dictate how the money will be distributed over a period of time after your death.
Those terms are called the 'trust terms.' It's legal language to direct how a sum of money will be distributed OVER TIME to a person you want to benefit. You create a trust relationship in a legal document.