Here’s an inheritance story that you don’t need Palm Beach probate litigation firms for.
How to Inherit $16.5 Million
- Prince Harry is scheduled to inherit 10 Million British Pounds when he turns 30
- This inheritance comes from Princess Diana’s fortune
- It’s common for children of wealthy people (“trust funders“) to receive an inheritance over time, rather than in one lump sum
- Many Palm Beach probate lawyers suggest distributing probate inheritances through revocable trusts and over a period of time
- A typical Palm Beach trust may have terms which say that a child shall inherit 1/3 at age 30 , 1/2 at age 35 and the whole trust fund at age 40
- Questions linger for wealthy residents of Palm Beach County:
- Does an inheritance get kept separate if my son divorces?
- What if my son is sued: are the trust funds protected?
Here’s the link to the story on this huge inheritance from Princess Diana: