The Listen to Lawrence Letter: Another reason for a trust

READER QUESTION:

My daughter is 17, has slight autism, and struggles with schoolwork and anxiety in crowded environments. I cannot predict her ability to self-sustain and need to establish a trust that will help manage her bills for home and savings without her ability to liquidate foolishly for herself or those who have influence over her decisions.

MY RESPONSE:

This is a very common reason for a trust. For whatever reason, if our children or grandchildren simply cannot or should not handle an inheritance, it would be appropriate to leave it to them in a trust. The trust will be managed by a trustee, who will invest and properly distribute the money for your daughter’s needs as they arrive.

I’ll see you in the office.

And, if anyone you know would like to

receive this Listen to Lawrence Letter just

tell them to send their email address to info@davidowlaw.com and I’ll add them to the list!

As always, please send your questions in! If you are thinking about it, others are probably too, so my answers will no doubt help you and many others.

Let’s stay connected. Stay safe!