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Strategy 3: problem children

Setting the scene:

  • The same as per Strategy 2: the wealthy nuclear family except Phil and Claire want a protective trust established for Haley who has a drug problem.
  • They establish this with the executors to be the trustees of the trust and Haley not to ever take control of her trust unless trustees determine it is appropriate for her to do so.

Diagrammatically, this could look like Strategy 2: the wealthy nuclear family except the trustee(s) of Haley’s trust would be the trustee(s) of the estate – Claire if she survives Phil or, if she predeceases, Jay and Mitchell.