TITLE

Protecting Your Child's Inheritance: The Beneficiary-Controlled Trust

AUTHOR(S)
Gardner, Randy; Daff, Leslie; Welch, Julie
PUB. DATE
February 2011
SOURCE
Journal of Financial Planning;Feb2011, Vol. 24 Issue 2, p33
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article provides information on the protection provided by the beneficiary-controlled trust to the inheritance of the children after the death of a parent. It says that parents may set up irrevocable trusts to secure protection of assets for their children. It mentions that the beneficiary-controlled trust protects the assets allocated to the child from creditors, immature beneficiaries, spouses, and predators. It features four distribution alternatives for the parent's assets to their children. It also presents the advantages and disadvantages of these alternatives.
ACCESSION #
58103578

 

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