Greg gave the example of a divorced couple in which one of the spouses wished to remain living in the house with the children but would not be a beneficiary in the trust agreement. This becomes more of an issue when the estate is transferred to the children and whether they want to sell the property.
Greg helped the client by proposing several scenarios to help the client understand the consequences of decisions on property ownership. Greg has found it important to think ahead because no one thinks of asset protection until it’s critical.
Give Greg a call if you know someone who needs help with their estate planning.