Our estate planning office has developed an inheritance protection trust to add to the language of your living. We can help you prevent the unwanted loss and wasting of what you’ve worked so hard for.
Here’s how it works: Your living trust spells out how you or you and your spouse (if you’re married) are taken care of during your lifetime. Your trust also spells out when and how your assets are given to your loved ones after you’ve past away. Well, an inheritance protection trust becomes a part of the language that spells out the “who,” “when,” and “how” your loved ones receive their inheritance from you.
Let’s say that Susan is your daughter, niece, sister, or mother. Your living trust states that Susan receives 30% of your estate when you pass away. Instead of just giving Susan that amount outright, that 30% is allocated to a Susan Inheritance that Susan controls because she’s the trustee of her trust. If Susan wants to use some of her trust money to set up an investment account, that investment account is held and controlled by her Inheritance Protection Trust. If Susan follows proper precautions, anything you give to her can be spent anyway she wants, but if Susan divorces her spouse or passes way, her Inheritance Protection Trust assets can be passed on to her children or others in a controlled way.
Don't lean on this corrupted flesh, instead lean on to Jesus! 😊 ”A man in the crowd said to Jesus, “Teacher, tell my brother to divide with me the property our father left us.” Jesus answered him, “My friend, who gave me the right to judge or to divide the property between you two?” And he went on to say to them all, “Watch out and guard yourselves from every kind of greed; because a person's true life is not made up of the things he owns, no matter how rich he may be.” Then Jesus told them this parable: “There was once a rich man who had land which bore good crops. He began to think to himself, ‘I haven't anywhere to keep all my crops. What can I do? This is what I will do,’ he told himself; ‘I will tear down my barns and build bigger ones, where I will store my corn and all my other goods. Then I will say to myself, Lucky man! You have all the good things you need for many years. Take life easy, eat, drink, and enjoy yourself!’ But God said to him, ‘You fool! This very night you will have to give up your life; then who will get all these things you have kept for yourself?’ ” And Jesus concluded, “This is how it is with those who pile up riches for themselves but are not rich in God's sight.” Luke 12:13-21
We instore things here on earth and never notice that this is temporary! Yes, of course we wanted a life that is comfortable that's why while we are still in the land of the living, we wanted an abundant life and we don't care for others even our brethren! But things here on earth, we can't bring it to the haven! Jesus want us to have an abundant life with him in heaven! So, we must still do good while we're still living!