When we think of leaving assets to our loved ones, invariably an outright distribution leaps to mind. However, while an outright distribution might be simplest, it is typically not the best manner in which to leave the assets. An outright distribution leaves the distribution vulnerable to many risks, including mismanagement by your loved one, attachment by your loved one’s creditors, division in the event of your loved one’s divorce, and other perils.
Source: Your Planning Can Help Your Loved Ones | American Academy of Estate Planning Attorneys
• • • • • •
Contact an Estate Planning Attorney You Can Trust
Call Barry L. Gardiner, Esq. at (201) 678-1323 or use the form below.