We have approximately $1.5 million in cash and investments, mostly in Certificates of Deposit (CDs). Our mortgage is paid and we have no debt. We have three adult children. Should we put out assets into a trust to better protect them for the future?
Pat Bowlen’s two oldest daughters have put themselves at risk of being disinherited, by challenging their late father’s trust, which is in charge of selecting the next controlling owner of the Denver Broncos, a franchise valued at more than $2.5 billion.
My daughter is getting married soon. What can I do to protect her inheritance after my death?
No matter what line of work you are in, estate planning has facets that apply to everyone, and it comes down to documenting wishes and avoiding probate and unnecessary taxes. Too many people put it off, but, in general, the sooner you do it, the better.