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[quote=Anonymous][quote=Anonymous][b]If there is not a lot of assets, the expense of a trust is not warranted.  [/b]Just designate 2 people (not brother and his spouse--perhaps 2 non related persons) to manage whatever monies are left to your son.  A basic will for guardianship, that is not complicated with a bunch of assets need not be done by a lawyer.  You can get a program like will maker to walk you through it.[/quote]

A trust is really the only way to protect an inheritance, no matter the size.

Regarding actual assets, don't forget to calculate life insurance.  The general rule is that each partner should have a life insurance policy equaling ten years salary of the highest earner.  So if dad made $100K a year and mom was a SAHM they each should have $1 million in life insurance.  If they both die assets = $2 mil before any home equity, 401K's, pensions, savings, etc.  That's a lot of money and should go into a trust managed by a person or persons other than the guardians and distributed to the children at some point when they reach maturity.  In our case we designated that funds can be used for educational expenses until the age of 25 when DD would get 30% of trust and the balance when she turned 35. [/quote]

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