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Third-Party

The Balance: Protection for Beneficiaries Using Discretionary Lifetime Trusts

Updated: Jul 25

A discretionary lifetime trust provides asset protection by creating a legal barrier between the property it holds and a beneficiary's creditors or spouse if they should become divorced. These trusts can be especially helpful if any of your beneficiaries are children. It all comes down to the language and terms included in the trust's formation documents.



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