By Timothy Barrett, Senior Vice President
Consult the Experts: Financial Edition runs in Louisville Business First

Tim Barrett
Your Trust can allow them to share a vacation home, manage a family business as it passes to each new generation, care for a special needs child without losing Medicaid and other public assistance, and even divide up inherited retirement plans and IRA’s.
You can provide these advantages through a third-party trust with a professional Trustee. The Trustee can preserve wealth, make reasonable and appropriate investment choices, and assist the family in planning thoughtful distributions to sustain reasonable lifestyles. As the beneficiaries mature, they can acquire control over specific trust assets, such as the family business, without losing these valuable protections.
Show this article to your estate planning attorney and call us to learn how to empower your children and protect your legacy.