You may want to take care of your children in your will but suspect that they would blow through their inheritance in just a few years. That’s when a spendthrift trust comes in handy. Also called a ...

My clients often want to protect their legacy from their own children’s poor planning or misfortune. A trust offers protections many beneficiaries cannot obtain for themselves from creditor claims, ...

A settlor must intend to create a spendthrift trust, and, as such, the trust must contain a spendthrift clause that restrains both voluntary and involuntary alienation. 1 A provision as simple as ...

Financial advisors and tax professionals seeking to help clients protect trust assets in the event of divorce, lawsuits or an extravagant heir should know the basics of a spendthrift clause.

It’s a common misconception in the estate-planning community that assets held in a spendthrift trust are protected against claims in a divorce. It’s also a common misconception that setting up a ...

Most jurisdictions offer some form of asset protection for both self-settled and third-party trusts through the incorporation of spendthrift provisions. In fact, traditional asset protection has ...

Each week, members of the Annex Wealth Management team answer your questions about investing, money and the economy. This week Annex Wealth Management’s Matthew Morzy, MBA, CFP and Fred Coleman, CFP® ...

In 2009, John and Carol Bergerud irrevocably settled the Bergerud Heritage Trust ("BHT") with $1,500. The BHT named Dr. Steven Jeffrey Cyr and Le Ann Cyr as both Trustees and spendthrift beneficiaries ...

Sit down with an estate attorney and talk in detail about your concerns. The attorney can write into the trust certain rules. For example, an heir may be required to reach a certain age before they ...

A spendthrift is an individual who is prone to using property in an excessive or frivolous manner. Thus, a spendthrift trust serves two important purposes: (1) it protects the beneficiary of the trust ...