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Transcription:

00:00:03 This is a good question. It comes up almost every time I’m doing an estate plan because someone will say, “I’m leaving x number of dollars and and all these other assets to my kids. I’m afraid of a divorce. They get along great right now, but who knows? I want to make sure that it goes to my grandkids.” So, I don’t want the spouse getting any portion of that. The way to handle that is with a trust. So you create a lifetime trust for that child. Let’s just say you’ve got half a million dollars to give to that child. The half

00:00:35 a million dollars goes into the trust. The child can be the trustee. The child can decide when to take that money out. And if they want to take it out and create turn it into a marital asset so that the spouse gets a share of it, well, that’s what they’re going to do. But you counsel them to keep it in trust for the remainder of their life and then it goes to their children when they pass away. They are not hard to do. It takes a little bit of planning. If you want to talk about it, give me a call. We’ll set

00:01:05 something up and I can give you more details on that.