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How Can I Protect the Funds That I Leave for My Children?

By April 25, 2013Estate Planning

There are many issues that your beneficiaries may face over the course of their lives.  You have worked long and hard during your life in order to provide for yourself, your loved ones and to leave a legacy behind.  I assume that the last thing most individuals would want is to have half of their child’s inheritance taken by an ex-spouse due to a divorce, or to have the funds lost in a law suit.

We have worked with thousands of families over the years, and during that time we have seen the many issues that the surviving spouse could face and problems that children or other beneficiaries run into.  When created properly, your estate plan can protect against many of these potential issues and make things far easier for your beneficiaries.

If a distribution is left outright to a beneficiary it can be exposed to claims from their creditors, claims from a spouse if funds and assets are co-mingled, and the assets have no protection if the beneficiary is sued.  Because of this it is very important to make sure that you create a trust that does not just protect your estate from probate but that also provides protections to the surviving spouse and beneficiaries.

At MH we ensure that our documents have the greatest possible protections for you and your loved ones.  We want to make certain that your assets are protected and that your legacy goes to your loved ones and not to creditors, ex-spouses or to the probate court.

For more information or to schedule a free consultation with one of our estate planning attorneys, contact us today at 888.222.1328.

Attorney, Lawyer, Phoenix, Arrowhead, Estate PlanningContributed by Cave Creek, Arrowhead and Phoenix MH Estate Planning Attorney West Hunsaker.

About Morris Hall:
At Morris Hall, we have focused our legal practice on estate planning for over 40 years.  Along with estate planning, our attorneys help clients and their families with matters of probate, trust administration, wills, power of attorneys, business planning, succession planning, legacy planning, charitable gifting and other important legal aspects.  We also have divisions in financial, real estate and accounting to help you incorporate all of your planning together, ensuring that everything works perfectly for your needs and situation. Our Arizona offices are located in Phoenix, Mesa, Scottsdale, Cave Creek, Tucson, Prescott, Flagstaff and Arrowhead.  Our New Mexico offices are located in Albuquerque, Las Cruces and Santa Fe.  Contact us today at 888.222.1328 to schedule an appointment!

This blog should be used for informational purposes only.  It does not create an attorney-client relationship with any reader and should not be construed as legal advice.  If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.

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