Divorce Protection for your beneficiaries 

Divorce Protection for your beneficiaries

Most of my clients who are parents, worry about unexpected occurrences that may happen in the life of their children or beneficiaries in the future. For example, parents are concerned about protecting their children’s inheritance from dissipation due to events that are out of their control such as, divorce, creditors, lawsuits, business failing, bankruptcy, and spending habits of a child or spouse of a child. No parents like the inheritance they intend to leave for their children or other loved ones to be within the reach and use of their son-in-laws or daughter-in-laws, especially if they are separated from the children and are in the process of divorce. Furthermore, no parents wish for creditors of their children to be able to reach the children’s inheritance. Likewise, no parents wish for an unpredictable and undesirable event in the life of a child or a beneficiary, cause their inheritance to be wasted or go to anyone other than their intended beneficiaries.

So the question is if at the time parents are establishing their estate plan, no such undesirable event exist in the life of their children against such future events or negative developments that may or may not exist in an unknown date in the future?

Today, we are able to take appropriate, affirmative measures against such undesirable occurrences in the future, so that the children’s inheritance will be protected and not wasted. Make sure to express your concerns with our office, if any such concerns exists.