This part of the Distribution Planning series discusses the effect of leaving your assets outright to your adult children.
People understand why minor children and even young adults shouldn’t inherit property outright. Someone with more maturity and experience needs to manage the assets and make spending decisions. That’s why for minors and young adults, inheritances routinely are left in trusts at least until the youngsters are older.
Too often, however, people overlook the benefits of leaving assets in trust for adult children instead of having them inherit the property outright.
Consider the risks of leaving wealth outright even to grown children and these benefits of using inheritance trusts to hold bequests for them.
See Bob Carlson, Leaving Assets Outright to Adult Children, www.forbes.com/,