Protecting the Family 'Nest Egg'


Given today’s litigious society, Trustees should always ensure they are acting prudently in administering trusts by keeping an eye on inadvertently exposing trust assets to creditors. One method for a Trustee to confer benefits on a beneficiary without recourse from creditors is to permit the beneficiary to use trust assets rather than making an outright distribution of such assets. Another way a Trustee may limit exposing trust assets to creditor claims involves how the assets held by the trust are structured.

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