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.

“Arthur” asked one of the most frequent questions I hear from readers about one of the biggest frustrations in estate planning: “Is there some way to prevent a financially irresponsible child from ...

The aging population is expected to transfer $30 trillion in the coming years, per Forbes. According to the Survey of Consumer Finances, the median inheritance is $69,000; the median for trust fund ...

The ultra-rich can save millions on taxes using trusts, but they have another advantage. Parents can set up trusts for their children to protect assets from ex-spouses and creditors. Four lawyers to ...

As we prepare for the Halloween season, there are many reasons to be on edge. These fears may involve ghosts and goblins for some, while others may view estate planning as frightening. Although I have ...

“Arthur” asked one of the most frequent questions I hear from readers about one of the biggest frustrations in estate planning: “Is there some way to prevent a financially irresponsible child from ...

In Scheffel v. Krueger,2 decided by the New Hampshire Supreme Court on July 26, 2001, the mother of a minor boy who was sexually assaulted by a trust’s beneficiary sought to attach the beneficiary’s ...

Generally, the beneficiary of a trust may voluntarily assign his right to the principal or income from the trust to another person. Similarly, those rights are subject to the claims of his creditors.