A Living Trust Can Provide Divorce Protection to Your Kids

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During a recent estate planning consultation, a concerned parent posed this question : "My son is in a bad marriage. What happens if, after we die, he gets divorced? Will his ex-wife gets some of our estate?"

This is not an uncommon question; fortunately, it has a simple answer. The concerns expressed by our client can be solved by sharing one of the major (and often overlooked) benefits of using a living trust: asset protection for the beneficiaries.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ronald Adams, Hoopes, Adams & Alexander PLC | Attorney Advertising

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