“Thought for the Day” #694 – by Stephen R. Elville, J.D., LL.M.

March 29, 2016

Outright distribution of the shares of children, grandchildren, nieces and nephews, and other beneficiaries is simple and cost effective, requiring no “maintenance costs.” However, outright distribution has a trade off – there is no asset or management protection for the beneficiary, and no mechanism to prevent rapid dissipation of the inherited assets. Furthermore, there is no bloodline or other protections.