■ If you or your spouse/partner have a life insurance policy where your children or spouse could receive a significant amount ($250,000 or more) at once. You may want to create a mechanism where the insurance proceeds can only be spent for certain items or ensure it is not all spent at once (the 21 year old son who might splurge on a Ferrari). Or you want to preserve the life insurance so that any new wives/husbands will not have access to the insurance proceeds and that it remains protected for the benefit of your children.
Any questions or comments should be directed to: email@example.com or (626) 793-3210. Henry (Hank) Moravec is a partner at Moravecs, A Professional Law Corporation, in San Marino, California. He focuses his practice on Estate Planning, Trust and Probate Administration, Beneficiary and Trustee Representation, Tax Law, and Nonprofit Law. He represents clients throughout Southern California and his office is conveniently located for clients in the Los Angeles, Pasadena and surrounding areas. The firm website is http://www.moravecslaw.com/