Don't Leave Money Directly To Your Kids When You Pass Away
Passing It On: Estate Planning for Families · Michael Pevney
October 16, 20232m 6s
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Don't leave your kids any money when you die. This is a little bit of a trick, because ultimately you want your kids to benefit from your inheritance. The best way to do this is to set up a living trust, leave your inheritance to the trust, and have the trust distribute money to your kids, or on behalf of them as the beneficiary. This does two things. First it protects them from making bad decisions themselves, and also can protect that money from people they owe money to like creditors, bankruptcy, lawsuits, and even spouses. #Kids #EstatePlan #Beneficiary #FillThatBucket, #Pevney #OrangeCounty #California #LagunaHills #SanJuanCapistrano