Lori Ashmore Peters
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Helping Dallas, Park Cities, Highland Park Texas Area Families with Estate Planning, Probate & Litigation

How do you keep your kids from spending their inheritance all at once?

There are trusts the can be set up within a Will to protect children from spending their inheritance all at once. The trust can take effect after you die or take effect while you are living.

The trust will ensure that you have a trustee in place to give distributions to your beneficiaries (children or grandchildren). The trustee can distribute the funds to the beneficiaries for health, education, maintenance and support.  These terms ensure that a child or grandchild does not get a lump sum of money outright. This type of trust is called a spendthrift.

Learn more about Trusts here.

Do You Need To Speak With An Experienced Estate Planning Lawyer In The Dallas Area?

If you need to speak to an experienced estate planning attorney please contact us online or call our Dallas office directly at 214.559.7202. We help clients throughout the Dallas area with all of their estate planning needs and look forward to helping you.