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How would you pass or gift assets to a person with a gambling addiction?

I suppose a drug addiction would be easier to deal with, since in this case the addicted person won't be able to blow it all in a couple of weeks.

I would like to put assets in a trust whose beneficiary gets paid on a weekly or monthly basis.

Rodrigo de Azevedo
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John Schmitt
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1 Answers1

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There is a thing called a "spendthrift trust" which addresses exactly the kind of situation you describe, where a person wishes to make a legacy to another person who has... issues--whether they be gambling, drugs or alcohol, or simply a wasteful lifestyle.

recoup
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