Protective Trust

In each family there is often a financially irresponsible child, but when it goes one step further and that child is a gambler, or has a drug or alcohol problem, you will probably want to make sure that your child does not squander your hard-earned estate when they inherit it. Cutting them out of your Will is really not an option, because with their needs they are likely to have a very strong claim to contesting your Will. There are a couple of trusts that you can consider instead, such as a protective trust.