Inheritance Trusts: Taking Care of Your Loved Ones in the Future
Boise, Idaho, Asset Preservation Lawyer
You love your family and want to do something to make sure they are taken care of after you are gone, but what can you do? Speaking to an experienced estate planning attorney about an inheritance trust may be a step in the right direction.
At Graham Law Office, P.A., in Boise, Idaho, I have more than 30 years of experience helping people with estate planning including wills, trusts and probate. I look forward to building a lasting relationship with you and helping you make sure your assets and loved ones are secure.
Find out what a heritage trust can do for your family. Call 208-608-5362 or toll free 866-350-6249 for a free initial consultation.
A Wonderful Gift to Your Loved Ones
An Inheritance trust are usually set up ahead of time, often by a parent or grandparent who wants to pass on assets to a child or grandchild. Rather than leaving a particular amount of cash to the beneficiary, an Inheritance trust creates an irrevocable trust for the beneficiary.
The trustee of the trust will be left to manage the assets in accordance with the terms of the trust. If the beneficiary is of an appropriate age, he or she can also function as the trustee and manage the assets as he or she sees fit. The assets left in the trust will be protected from a variety of circumstances, including:
- Divorces
- Lawsuits
- Creditors
- Bankruptcy
What Happens When the Beneficiary Dies?
When the beneficiary dies, the trust can be passed on to children, a spouse, or anyone of his or her choosing, extending the gift to the next generation, which will enjoy the same protections afforded to previous holders of the trust.
If an inheritance trust sounds like something you would like to put in place for your family, I look forward to helping you get the most value for your dollar. Contact me today to schedule a free initial consultation at my accessible Boise office.
