Spendthrift clauses add valuable and essential protections to trusts
Almost every family has at least one individual who just can’t seem to manage money effectively. If that person is someone to whom you wish to bequeath some or all of your estate, the answer to this problem may be a very carefully designed trust. Trusts are flexible estate planning tools that meet a number of different requirements when structured properly. With the creation of a spendthrift trust, you can establish very useful protections for your estate assets that fund essential needs for beneficiaries without putting the assets at great risk. At The Law Offices of Gregory W. Kabel, P.A., our Fort Lauderdale estate planning attorney is highly knowledgeable in effectively navigating the very specific and complex Florida laws governing spendthrift clauses. We have extensive experience designing complex trusts to accomplish what is needed while preventing beneficiaries from squandering their inheritance.