Protecting an Inheritance from Spousal and Creditors' Claims

Date: Tuesday, February 24, 2015
Time: 11:30am - 1:00pm
Location: Minnehaha Country Club
Speaker: Cannon Teleconference
Clients can never be certain about the effect wealth will have on those who inherit it. Whether due to immaturity, poor judgment, misfortune or otherwise, the possibility exists that the beneficiaries of a client's wealth will encounter problems with a spouse or with creditors. Some of the most important issues and options that an estate planning professional should be aware of and consider raising with clients include the following:
  • Spendthrift trusts and discretionary trusts
  • Trusts with tenancy by the entirety characteristics
  • Important differences in state law and U.S. Bankruptcy Code standards
  • The most difficult challenges: Tax claims and spousal claims


Related Document(s):

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