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Kiplinger
Kiplinger
Business
Timothy Barrett, Trust Counsel

Trust Provisions Addressing Substance Use Require Flexibility

Parents have a serious talk with their young adult son.

For many years, parents leaving substantial wealth in trust for their children and grandchildren have included provisions in the trust instrument that attempt to deter a beneficiary’s use of potentially addictive substances. For some, one or more family members have already abused such substances, with adverse-to-disastrous consequences. For others, this inclusion is purely prophylactic. It has become common practice for attorneys to include such a paragraph as boilerplate.

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