Have you just received a substantial inheritance from a West Palm Beach estate? Do you know to make that money last? You may want to consider setting up a trust or other investment planto make that inheritance work for you. Do you know all the different options for sustainable inheritance payments? Experienced Palm Beach Probate litigators have seen an inheritance spent on many things, but check out this recent case that is making the news. What are you going to use your inheritance for?
Using Your West Palm Beach Inheritance Wisely
- Inheritances come in many flavors; some are bulk transfers of cash and other personal assets that are valuable (i.e. trusts) while others may be less liquid, like a Pompano Beach house.
- Also an inheritance may be outright or set up through a system of testamentary trusts.
- Either way if your inheritance is sizeable you may want to make it last.
- Do you know how to make the money last?
- You may want to speak to an experienced Palm Beach probate litigator about setting up a large sum of cash into a trust or other formal investment plan.
- You may be able to make your money work for you, allowing for regular distributions.
- An experienced professional trustee will create a plan based on prudent investment skills and know-how.
- Furthermore if they breach their duties against you then you may be able to sue and get some money; compared to if you just handle it yourself!
- Not everyone is so prudent with his or her inheritance funds though.
- Check out this case that his been making the news and weigh in – was this the right use of his mother’s funds?
Man Uses His Mother’s Estate to Find Her Killer (His Father)!
- Four years ago, at the age of 17 a young man in Salt Lake City learned the unimaginable – his mother lay dying of an apparent suicide.
- The kid remembered years of domestic disputes and felt like he did not know the whole story.
- The child was left a substantial inheritance but rather than using it to build his future, or set up a trust he decided to start investigating.
- The man used his inheritance to find out what really happened to his mother.
- The father had claimed he walked in on the mother dead in the bathtub but the story did not add up – so he sued his father for wrongful death.
- During the deposition in the civil case the father’s story began to fall apart in fact his comments lead to him being charged with murder.
- Was this the right way to use his inheritance?
Want to learn more about this interesting case?
Check out a recent news article by clicking here.