You’ve worked hard to leave your children a financial legacy, and the last thing you want is for half of your child’s inheritance to walk out the door with an ex-spouse if he or she gets divorced someday. But, under today’s laws, that could actually happen if you don’t safeguard your family’s assets and plan ahead.
Although it isn’t pleasant to think about, you may have to take legal action to ensure that your married child inherits the assets you planned to leave them. In many circumstances, an estate planning attorney will recommend that clients leave assets to their children in a trust. Passing down your assets in a trust can keep them separate and out of reach from a divorcing spouse, as well as other creditors that may be knocking on your child’s door.Read More