The epidemic of substance abuse by young adults is causing parents to consider how best to provide in their estate plans for children who have this disorder.
A special type of trust called an “opioid trust” can be a solution. It would name a trustee to continue the parents’ efforts to help in the child’s recovery; it can also protect the child’s property from creditors and maintain their eligibility for government benefits.
Rather than a true monetary inheritance, the trust takes care of recovery expenses to incentivize beneficiaries to eliminate addictive behavior. Read more about this issue on muslaw.com.