John Jacob Lively
1.9K posts

John Jacob Lively
@john_jacob
Believer | Attorney | Entrepreneur. Attorney serving as outside GC for SMBs. Operations and Financing Consultant. Passion is helping folks buy, grow, and sell🚀

No estate plan? No problem. Just don’t die. Foolproof. 👌🏼


Hire a lawyer who loses your case? Don’t pay him. Order chicken, get shrimp? Don’t pay them. As Florida Governor, I will only pay government contractors when the job is done fully, correctly, and on time.




This👇 It’s a potential situation that @BrasuellLuke and I discuss with clients all the time. You just don’t know what your future son-in-law or daughter-in-law will be like. It’s not a fear based strategy; it’s common sense protection.

Mark called us shortly after his daughter's wedding. "I just watched her marry a con artist. And I have $6.3M that he's going to try to get his hands on." Ashley was 32. Smart. Successful career. Head over heels. Derek was 38. "Entrepreneur." Three failed LLCs. Two bankruptcies. An ex-wife he still owed money. Mark had done his homework. Ashley didn't want to hear it. "Dad, you just don't understand him. He's ambitious." Mark watched it happen in real time: Derek "borrowed" $15K from Ashley for a business venture. Gone. Pressured her to co-sign a lease on a Range Rover they couldn't afford. Quit a decent-paying job because he "wasn't meant to work for other people." Here's what Mark said: "I love my daughter. But if we die tomorrow, he'll burn through her inheritance in a few years. I need to stop it now." We built a trust for Ashley's share when Mark and Susan pass. Ashley gets distributions for health, education, and living expenses. But she's not the trustee. Her older sister is. Derek can't touch it. Can't borrow against it. Can't pressure Ashley to "invest" it in his next scheme. Mark struggled with the decision. "Am I telling my daughter I don't trust her?" My answer: "You're telling her you love her enough to protect her from a mistake she can't see yet." The other two daughters? Full control. Standard distributions. Because they didn't need protection. Ashley did. Sometimes you protect your kids from bad investments. Sometimes you protect them from bad marriages. Not because they're stupid. Because love can make people blind. And love blind people make expensive mistakes.











