Did You Know That You Can Protect Your Children from Their Future Divorces?
The divorce rate is higher now than it was 30 or 40 years ago. While it’s uncommon for a couple that has been married for 40+ years to get divorced, it is common that one or more of their children will be getting divorced.
By definition, an inheritance that your child receives is his or her separate property. However, your child’s inheritance will quickly become community property co-owned with your son-in-law or daughter-in-law unless it’s handled properly. If your son or daughter later gets divorced after their inheritance becomes community property, he or she may be required to split this inheritance with his or her ex-spouse.
If you are interested in learning more about planning options for you and you loved ones, I’m happy to help.