If you attend a workshop or meet with me individually, you will probably hear about the “school bus trust”. What is it? A “school bus trust” is a trust designed to protect the assets you are leaving to a spouse, child or other loved one, and protect it from liability for a school bus accident. The trust also protects against other liability such as divorce, remarriage, business downturns, professional malpractice, personal loan guarantees, and other risks.
The “school bus trust” can be designed where your spouse or kids can get the money when they need it, but otherwise the assets are protected from outside threats.
Come to our Wills & Trusts: How to Get Started workshop and hear a lot more about how a “school bus trust” works.