Can You Divorce Protect Your Child’s Inheritance?

Can you divorce protect your child’s inheritance? The answer to this is yes.  Should you divorce protect your child’s inheritance, I think you should.  I have for my children and I think you should consider it for your children too.  One out of two marriages end in divorce.  I have practiced law a long time and I have seen inheritances lost to an in-law.  It doesn’t have to be lost to an in-law, but often times it is because Mom and Dad either didn’t want to do it the right way or didn’t get good counsel from an attorney on how to do it the right way.  It is very easy to divorce protect your child’s inheritance and the easiest way to do this is through a special type of trust that we call a spendthrift trust.  This type of trust not only divorce protects your child’s inheritance, it also lawsuit protects it and bankruptcy protects it too.  Rather than leaving your children their inheritance in cash you leave it to them in a trust and, if they are good with money, they can even be their own trustee.   But the money in the trust can be invested any way they want to, spent almost any way they want to, but can never be taken from your child in a divorce.  You will never have to worry about your child losing the money you left them.  It will be safe if you leave it to them in a spendthrift trust.