This transcription was AI generated

Transcription:

00:00:00 – 00:01:04

It is not unusual for someone to come in and talk to me about their children and say, “Look, I love my son. I love my daughter, but that marriage is not real good. I don’t like the guy. I don’t like the the woman he married. I want to make sure that if I go and then he’s getting my son is getting my assets that if he goes, she doesn’t get it or that she doesn’t control how that money is spent.” Really, the only way to do that is with a trust. So you set up a trust and you would say, “Okay, when I die,

00:00:31 – 00:01:29

this money goes into my son’s trust and you make the son the trustee so that if he really does want to give the money to his wife that you don’t like, he can do that. But you advise him, look, if you take it out of the trust, you make it a marital asset. You lose it. You lose some portion of it in a divorce. So keep it in the trust. Then you keep it in the trust for his life and then it goes where you want it to go which is typically to your grandkids or great grandkids. So it keeps it out of the

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hands of that woman, that wife or that husband that you don’t like.