The Living Trust Advisor

The Fourth Quarter Dying with Your Living Trust

It’s the start of the Fourth Quarter of the Big Game. Unfortunately, that means that you and your spouse or co-trustee are no longer participants in the Big Game. The playing field is Inheritance Arena. The combatants are your Living Trust beneficiaries. The object of the game is the smooth flow of Living Trust assets from one generation to the next. What kind of game will it be? If you remember the training you receive in this Fourth Quarter, the match will go smoothly. But, if you fail to do your reps, it will deteriorate into an organized riot.

So what does this mean for you? Since both you and your spouse are dead and your inheritance instructions are set in stone, not a lot. But, through the magic of absurdist fiction, I have invented a time machine that will transport you back to when you and your spouse were alive and sitting in your Living Trust lawyer’s office. Armed with the chapters in this section that deal with many harmful scenarios that could befall your children in the Inheritance Arena, you will be able to bring to your lawyer’s attention a particular problem that is of consequence to you. From there, you can incorporate special provisions into your Living Trust that will prevent these scenarios from rearing their ugly heads in the Inheritance Arena after both you and your spouse are dead.

Ninety-five percent of the solution to any problem is recognizing the problem in the first place. This takes on a new sense ...