Protecting Your Children's Inheritance: Strategies to Safeguard Assets in Divorce

1 min read
Source: MarketWatch
Protecting Your Children's Inheritance: Strategies to Safeguard Assets in Divorce
Photo: MarketWatch
TL;DR Summary

A father wants to give his adult children a portion of their future inheritance to help them buy property, but he wants to ensure that the money is protected in the event of divorce. He considers co-purchasing property with his children and setting up trusts to keep the money out of reach of their partners. However, he is advised to be cautious about giving away all the money and to consider the potential impact of changing estate tax exemptions. Ultimately, he is reminded that there is only so much control he can have over his children and the money he gives them.

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