People who do not have a great deal of money typically dream about what they would do if they unexpectedly got a windfall. They consider how they would spend the cash, that is and not about how they would handle it. There is a reason the old concern is “What would you purchase if you won the lotto,” and not, “How would you manage your cash if you won the lotto?”
This produces a concern for people who desire to leave big inheritances to household members who are not already individually wealthy.
When you plan to offer an inheritance to somebody, you generally ponder that he or she will most likely invest some of that loan to buy things. If you provide somebody a big swelling sum, you have no method to avoid that individual from investing it all as quickly as possible.
There are methods that you can prevent your family members from losing their inheritances. This creates a larger inheritance than the providing the exact same quantity as a lump sum would.
Ask an experienced estate planning lawyer about setting up a Trust to leave an inheritance for your family members.