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Wills and Meth Addiction

June 01, 2017

We signed up another novel Will this week.

One of our client’s sons has doubtful capacity to look after his financial affairs, due mainly to what is suspected to be a meth addiction. He already has about six million dollars in assets under his control but it is doubtful that he appreciates that!

His mother wishes to leave him more real property in her Will, but only for life. After his death it will be held on trust for his brothers.

Her other sons are the executors of her Will, but she does not trust them to be the trustees of the drug-addicted son’s trust, so she has appointed her niece and her niece’s husband as the trustees of the trust.

The trust provisions in relation to the drug-addicted son mean that he has no control over it, and should he marry his drug supplier, she will not be entitled to benefit from the trust at all.

For assistance Wills and Estate Planning, see Michael Paterson & Associates.

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