Leaving Assets to People With Addictive Behaviors
(Orlando, Florida) (Winter Haven, Florida) Attorney L. Reed Bloodworth, the Managing Partner of Bloodworth Law, PLLC, discusses legal topics the law firm handles for clients across the state. This video discusses legal provisions that can be made in a will or a trust for beneficiaries who have drug, gambling, substance, or addictive issues known as restricted behaviors. A will alone cannot exert control or designate ongoing financial or asset distribution control. In a will, you may only go as far as adding a provision stating, asset X goes to Bob, unless Bob is on drugs, and if he is on drugs, then it passes to his sister.
|