Incorporating tools and strategies into your estate plan to mitigate a beneficiary’s spendthrift habits is vital to protect both the beneficiary and your assets. 21 Mar

Estate Planning Strategies for Managing a Spendthrift Beneficiary

These tales of financial decline serve as cautionary reminders of the intricate relationship between wealth, responsibility, and the human condition. These people inherited riches but ended up with rags due to lavish lifestyles and financial blunders. 07 Sep

They Inherited Riches… But Ended Up With Rags

Giving a chronic overspender an inheritance in hope that it will help change their money behavior is almost always magical thinking. Most lump sum inheritances disappear within a few years in the control of an overspender. 02 Aug

How To Protect Your Spendthrift Heir From Themselves

The U.S. Supreme Court’s Most Important Decision Affecting the Law of Trusts & Estates Was Decided a Very Long Time Ago 31 Oct

U.S. Supreme Court Decision Altered Trust & Estate Law

I had no idea I was due to inherit a substantial sum. Sudden wealth puts you in a cocoon; it makes you feel invincible. I thought I was Superman... I was too young and immature to handle such wealth. 19 Jun

Sudden Unexpected Wealth: How I Blew My Inheritance