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Substance Abuse
How are you handling your will
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<blockquote data-quote="OTE" data-source="post: 739670"><p>Sorry I'm missing something here. 3 attorneys got together and agreed that your cash should not be put into a trust and distributed over time? Why not? There is a reason I'm missing. So its not because your child has the right to blow it on drugs? </p><p></p><p>Only thing I can imagine is that they're saying that the costs of the trust would be more than the money you're putting in. Meaning that your child would eventually end up with so little that its pointless. Why let all the money go to expenses, is that what they're saying? If so then you need to look for a type of investment that will give him the money in a way you find acceptable. That is a different topic. </p><p></p><p>In terms of an investment that would pay out later you're looking for something like a fixed annuity. Or maybe something that pays out in a balloon payment. Could be more than one investment so that the payout is staggered. Needs to be something that is non-transferable </p><p></p><p>But again, your attorney should be recommending a course of action other than to let the child have it knowing it will be used on drugs.</p><p></p><p>As to attorney fees. Yes but this is short term pain. Keep it in perspective.</p></blockquote><p></p>
[QUOTE="OTE, post: 739670"] Sorry I'm missing something here. 3 attorneys got together and agreed that your cash should not be put into a trust and distributed over time? Why not? There is a reason I'm missing. So its not because your child has the right to blow it on drugs? Only thing I can imagine is that they're saying that the costs of the trust would be more than the money you're putting in. Meaning that your child would eventually end up with so little that its pointless. Why let all the money go to expenses, is that what they're saying? If so then you need to look for a type of investment that will give him the money in a way you find acceptable. That is a different topic. In terms of an investment that would pay out later you're looking for something like a fixed annuity. Or maybe something that pays out in a balloon payment. Could be more than one investment so that the payout is staggered. Needs to be something that is non-transferable But again, your attorney should be recommending a course of action other than to let the child have it knowing it will be used on drugs. As to attorney fees. Yes but this is short term pain. Keep it in perspective. [/QUOTE]
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