It would be great if we all loved our children’s spouses, but what happens if we don’t, and worse, what happens if they get divorced after your death? Will your assets (your child’s inheritance) be counted as marital property and possibly be divided in the divorce?
It can happen that way when inheritance funds are commingled with marital funds. Commingling should be avoided at all costs, but still, there are times when funds are commingled, and then it risks becoming counted as “marital assets.”
Leaving your assets up to fate may leave you feeling wary. After all, you have spent your whole life building a legacy and earning assets. The last thing you want to do is let them get into the wrong hands.
The good news is that you don’t have to leave it up to fate. You can secure your assets, and the proper distribution of your assets to your designated beneficiaries by establishing a revocable living trust.
A trust could hold the assets for your beneficiary, thereby minimizing the risk of them being comingled and becoming marital property and subject to a messy divorce.