I’m concerned that my son-daughter would waste their inheritance. Can this money be protected?

An Inheritance Lawyer? Why?

There are ways to provide some strong measures of protection to prevent an adult child from squandering an inheritance. Our role as your estate planning attorney includes protecting your legacy. After you die, we will serve as your inheritance lawyer.

Just Give It To Them In Your Will…

When you think about how an inheritance may be passed on to an adult child there are really two ways of doing so.  The simplistic way is to just give it to them outright individually and they can do whatever they want with it at that point.  Unfortunately that sometimes leads to some very bad results.

Protecting Your Legacy Before and After You Die as Your Inheritance Lawyer

Another way of doing so, and the preferred method if you have concerns about how your son or daughter might manage their inheritance would be through the use of a trust.  We might appoint a successor trustee who’s responsible and capable of making sound financial decisions who would sort of act as a check on what distributions might be taken out of the trust and for the son or daughter.

In that way the money’s not just being completely wasted and used at the whim and discretion of the beneficiary or the adult son or daughter.

Law Offices of John Mangan, PA
Palm City – Stuart, FL
Call: 1 (772) 218-0480

Do you question the need for attorney guidance with so many online resources? Because laws and regulations are complex, and because every person has a lot at risk, more people than ever are seeking professional guidance from an experienced, knowledgeable source. That helps explain the rapid growth of our firm. Whether you happened upon this website by accident or are one of the many referrals we receive from a nearly 15-year collection of satisfied clients, our staff can provide customized estate planning guidance for you. Call us. Our number: 1 (772) 218-0480