Playback speed
×
Share post
Share post at current time
0:00
/
0:00

Paid episode

The full episode is only available to paid subscribers of MaxYourMoney’s Substack

Planning for the Unexpected in Irrevocable Trusts

Ensuring Proper Distribution of Funds When a Beneficiary Passes Away
  • Purpose of the Trust: Irrevocable trusts are created for children to distribute funds over time, e.g., every five years for 20 years.

  • Key Concern: What happens to remaining trust funds if a child dies before full payout?

  • Typical Distribution Plan:

    • Remaining funds usually go to the deceased child's descendants (e.g., their children).

    • Less commonly, funds may…

This post is for paid subscribers