Reported 7 months ago
A concerned parent seeks advice on leaving a $500,000 inheritance to their financially irresponsible daughter in her 50s. Options suggested include setting up a revocable living trust to provide income with provisions to manage distributions, such as paying for specific expenses only. Annuities are also considered but come with less flexibility and higher fees. Deciding on the best approach depends on the daughter's circumstances to ensure the inheritance is managed wisely.
Source: YAHOO