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Problem - Karen and Fred come to you for an estate plan. They are married. They have never been married prior to this and they have no children from prior marriages. They have significant assets totaling over $25,000,000. They are very private people and they don't want their private information concerning their assets to become public. In addition, They want to control closely how much their oldest son receives, because sadly he is a drug addict and they are afraid that he could overdose on drugs if he had access to an unlimited amount of money. So someone needs to manage the money for him. He won't be happy about this situation and may challenge it.
Given these facts and circumstances, what is the best form of estate plan for Karen and Fred and why?
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