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	<title>Money magazine Comments - Ask Paul: My son blew $150k sponsoring racecar drivers</title>
	<description>Craig gave his son $150,000 only to see it blown in a month. Would a trust stop future inheritance from being wasted the same way?</description>
	<link>https://www.moneymag.com.au/feed/latest?story=179792164</link>
	<lastBuildDate>Fri, 08 Apr 2022 15:13:25 +1000</lastBuildDate>
	<pubDate>Fri, 08 Apr 2022 15:13:25 +1000</pubDate>
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		<title>Money magazine Comments - Ask Paul: My son blew $150k sponsoring racecar drivers</title>
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		<title>Comment by Val Helen ()</title>
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<p><p>I feel like there will be a lot of comments on this one...Craig, you seem to have nice kids - doesn&#39;t look like you are needing to help any of them with any legal issues or troubles with the law... While your daughter seems right on point financially, your son will need help in the future especially if health issues come into play. I think a solicitor is the only option here to protect any semblance of an inheritance. Oh and maybe he should not watch too many Fast and Furious movies...</p></p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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		<dc:creator>Val Helen ()</dc:creator>
		<pubDate>Fri, 08 Apr 2022 15:13:25 +1000</pubDate>
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		<title>Comment by Ivon Hughes ()</title>
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<p><p>Father should buy a non-cashable life annuity for the son.Fast and unbreakable.</p></p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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		<dc:creator>Ivon Hughes ()</dc:creator>
		<pubDate>Tue, 12 Apr 2022 12:50:21 +1000</pubDate>
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		<title>Comment by Barry Morris ()</title>
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<p><p>Hi Paul I&#39;m an 83 year old single male pensioner currently invested $100000 in the bank next to nothing interest can you advise better ways to invest thank you</p></p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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		<dc:creator>Barry Morris ()</dc:creator>
		<pubDate>Sun, 24 Apr 2022 13:50:46 +1000</pubDate>
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		<title>Comment by David Smith ()</title>
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<p><p>Craig, unfortunatly your story&#39;s not uncommon. best to seek the services of an estate planning specialist solicitor (Solicitor who only deals in Estates), solicitors or work in a number of areas (in my experience) are just not across many of the complex Estate issues like yours and how they are dealt with in the courts.</p>
<p>Discuss with the solicitor things like any money you provide to you children now, treated as a loan (</p>
<p>There are ways you can provide for your children while also protecting them against them selves. Good luck.</p></p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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		<dc:creator>David Smith ()</dc:creator>
		<pubDate>Tue, 26 Apr 2022 07:51:55 +1000</pubDate>
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		<title>Comment by Money magazine ()</title>
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<p><p>Hi Barry,</p>
<p>Thank you for your comment.</p>
<p>Unfortunately, Paul Clitheroe is unable to respond to questions posted here. Please submit your question via this link: https://www.moneymag.com.au/contact</p>
<p>- Money team</p></p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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		<dc:creator>Money magazine ()</dc:creator>
		<pubDate>Tue, 26 Apr 2022 11:38:27 +1000</pubDate>
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