I Want My Son to Inherit A Monthly Amount Instead of A Lump Sum!
I had a nice conversation yesterday with a woman in Alexandria Louisiana. Her main concern was that she didn't want her child to receive his inheritance in one big lump sum. She thought he would blow it. She wanted to set things up so that after she passed away her son would receive an amount every month that he could benefit from for the rest of his lifetime as opposed to giving it all to him in one lump sum. So we talked about it and started the proces of setting up a trust for her son so that the whole inheritance that he would receive wouldn't be used for the wrong reasons and it would benefit him for the rest of his lifetime. She'd be giving him a tremendous gift by doing that. So be aware that you have that option. You don't have to leave it in a lump sum and if you have that concern that your children may not use that lump sum for the right reasons make sure you take charge. I'm Paul Rabalais and have a nice day!