Never leave anything to your kids..

18 Sept 2023 · 1 min

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1:01

In this short advisory video, Jerry Taylor warns viewers against leaving assets directly to their children after death. He outlines three major risks: (1) divorce, where any inheritance left outright can become part of marital property and be split with an ex‑spouse; (2) bankruptcy, where a child’s future financial troubles could jeopardize the inherited wealth; and (3) lawsuits, which could unexpectedly target the child’s assets. To mitigate these risks, Taylor recommends using an asset‑protection trust and establishing a controlled distribution plan that releases only small portions of the inheritance at a time, thereby shielding the child’s wealth throughout their life.

Chapters

Never leave anything to your kids when you die. Save this video right now and you can thank me later because here are just 3 of many reasons why you never want to leave your kids anything. Thing 1, divorce. 50% of all marriages are going to end in divorce. Anything you leave your child outright will be fair game in a divorce. Do you really want your child's ex-spouse to have 50% of their inheritance? Thing 2, bankruptcies. You have no idea what your child's going to get into financially after you're gone. You help protect your child's inheritance from future financial difficulties now. Thing 3: lawsuits. Lawsuits can come along when you least expect it. With just a little preparation, you can protect your child's inheritance. What can you do now to provide all this protection? You can leave their inheritance in an asset protection trust. You can create a distribution plan that will never expose more than one small piece of their inheritance. You've protected your child their entire life. This is a way to continue that