When Parents Plan Ahead, the Children Win

By Timothy Barrett, Senior Vice President

Consult the Experts: Financial Edition runs in Louisville Business First

Tim Barrett - Parents

Tim Barrett

Our clients ask us most often how to protect the wealth they have earned from their own children’s poor planning or misfortune. We recommend a Trust to protect family wealth from bankruptcy, divorce settlements, injury lawsuits, creditor claims, untutored investment choices, overspending and unnecessary taxation. These are protections your children cannot easily obtain for themselves. But you can provide them all in your estate plan.

Your Trust can allow them to share a vacation home, manage a family business as it passes to each new generation, care for a special needs child without losing Medicaid and other public assistance, and even divide up inherited retirement plans and IRA’s.

You can provide these advantages through a third-party trust with a professional Trustee. The Trustee can preserve wealth, make reasonable and appropriate investment choices, and assist the family in planning thoughtful distributions to sustain reasonable lifestyles. As the beneficiaries mature, they can acquire control over specific trust assets, such as the family business, without losing these valuable protections.

Show this article to your estate planning attorney and call us to learn how to empower your children and protect your legacy.


Argent Financial Group

Celebrating its 30th anniversary in 2020, Argent Financial Group (Argent) is a leading, independent, fiduciary wealth management firm. Responsible for more than $30 billion in client assets, Argent provides individuals, families, businesses and institutions with a broad range of wealth management services, including trust and estate administration, investment management, ESOPs, retirement plan consulting, funeral and cemetery trusts, charitable organization administration, oil and gas (mineral) management and other unique financial services. Headquartered in Ruston, Louisiana, Argent was formed in 1990 and traces its roots back to 1930.

Latest News & Resources


Why a Corporate Fiduciary Could Be Right for You

Why a Corporate Fiduciary Could Be Right for You

In today’s world, estate planning can be an intense and complex process. These issues can be caused by many factors, such as federal and state tax laws and the types of property or assets a person owns. If you layer on unique family dynamics (e.g. a blended family,...

The Morning View: September 24, 2020

The Morning View: September 24, 2020

BY: MARSHALL BARTLETT Senior Vice President / Portfolio Manager In this morning’s data, Initial Jobless Claims were 870,000 for the week ending September 19th, an increase from the previous week and higher than expected. Continuing Claims were 12,580,000 as of...

Interested in speaking with

one of our experts?