Spendthrift Trusts - Checks And Balances For Dysfunctional Beneficiaries
Posted by: Eric Hundin in , Estates, Wills, Trusts, Career Information, Blog CarnivalSpendthrift trusts are rapidly becoming a key estate planning tool for families with one member who’s been de-railed by the drug or alcohol culture. Look out your window, look down the street or think of the many persons in your card and contact files. How many families show at least one member who’s been impacted by drug or alcohol addiction? Answer? Almost every family has that X-factor.
Primary Purpose And Benefit Of A Spendthrift Trust.
Whe (more…)
Trusts - Trust Formation - Trustees Asset Protection - Trust Offshore Asset - Protection Inheritence
Posted by: Eric Hundin in , Estates, Wills, Trusts, Career Information, Blog CarnivalTrust an entity created for the purpose of protecting and conserving assets for the benefit of a third party, the beneficiary- A contract affecting three parties, the settler, the trustee and the beneficiary.
Trustee is a person totally independent of the settler who has a fiduciary responsibility to the beneficiaries to manage the assets of the trust at the best of his or her ability. The trustee reporting requirements shall be defined at the outset in a fiduciary or Tre (more…)
Entries (RSS)