Tag: Illinois inheritance trust

Parents and grandparents who expect to leave a significant inheritance often spend a great deal of time deciding how the money should be divided. Less time is usually spent considering whether their heirs are prepared to manage it. When an adult child who doesn’t manage money well suddenly inherits large amounts of cash or other assets, this can cause serious problems.  Even a financially responsible adult may have very little experience making decisions about large assets. This reality begs the question: Is there anything parents or grandparents should do to […]