Will Your Child’s Ex Spouse End Up With Your Money? #estateplanning

6 Apr 2023 · 1 min

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0:40

In this short advisory video, the speaker warns that a significant portion of an estate left to a child could be vulnerable to claims by the child's future ex‑spouse, lawsuits, creditors, or bankruptcy, especially given the high divorce rate. To protect the inheritance, the speaker recommends placing the child's share into a protected trust that supports the child during their lifetime and then passes to grandchildren, thereby shielding the assets from divorce settlements, legal claims, and creditors. The video concludes with a call to visit the speaker’s profile and subscribe to a newsletter for more detailed guidance on family wealth protection.

Chapters

What will happen to the money you leave your kids from your estate? When you consider that 45% of marriages end in divorce, there is a significant chance that a large part of it will end up in the hands of an ex-spouse. You can prevent that from happening. Instead of giving your child a lump sum inheritance, put their share into a protected trust, a trust that will support them during their lives and then pass on to your grandchildren. There are endless ways to structure a trust like this, but it will ensure that no ex-spouse of your child will touch that money. No lawsuit will, and no bankruptcy, your creditor will touch that money. To learn more about how to protect your family and maximize your money, go to my profile link and subscribe to my newsletter.