Are you prepared to leave assets and property to a loved one, but concerned that their outstanding financial obligations might make it difficult for them to receive an inheritance?
A spendthrift trust is a trust you create for the benefit of another, but the assets of the trust are inaccessible to the individual's creditors.
Spendthrift trusts are a good option with creditors might be an issue for one of your beneficiaries.
Spendthrift trusts can also be used when an individual wants to provide a protected nest egg for beneficiaries that will stay intact in the face of divorce and unexpected lawsuits in the future.
