2/23/08 “Moneyline” Recap

February 25th, 2008

On Saturday, February 23, 2008, Denver Vold, Joe Morris and Seamus Smith were guests on Peter Newman’s “Moneyline” radio show on KMBZ-980 AM radio. They discussed the benefits of leaving a child’s inheritance in trust, which include: (1) protecting the inheritance from a child’s financial immaturity; (2) protecting the inheritance from a child’s creditors, including those arising from divorcing spouses, bankruptcies, and lawsuits; (3) if the child is on government assistance, such as Medicaid, preventing the inheritance from being an ‘available resource’ that disqualifies the child until it is spent; and (4) if the child is financially successful, allowing the child to benefit from the inheritance without it being subject to federal and state estate taxes upon the child’s passing.

 

Posted by Seamus Smith

 

Category: Estate Planning · Media Appearances