Warning: I am going to publish a series of articles that describe common scenarios that harm loved ones when a person fails to plan for death and has no will or trust. If any example applies to you then you need a will or trust to eliminate the problem.
The titles of the scenarios are:
Example 1 The Ultimate Nightmare – Decedent’s Assets Inherited by Decedent’s Spouse Go to Spouse’s Creditor
Example 2 Assets Don’t Go to Decedent’s Spouse
Example 3 Assets Go to a Minor Child
Example 4 Assets Go to an Unwanted Heir
Example 5 Assets Go to an Heir Who Gets Divorced
Example 6 Assets Go to a Drug Addict Heir
Example 7 Assets Go to an Heir with a Creditor Problem
Example 8 Assets Go to Special Needs Person
Example 9 Outright Gift to a Child that Needs Asset Protection
If any of the above scenarios applies or might apply to your or your loved ones you need to adopt an estate plan with a comprehensive trust that creates life-time asset protection for your loved ones.