Protecting Louisiana Children's Inheritance From Their Divorce

 

I want to talk to you today about a very nice couple that I worked with yesterday from the White Castle area. Their main concern was leaving what they had to their children, but they wanted to make sure that if their children received it that they would never lose it in the case their children got divorced after they received their inheritance. So we set up an estate plan for them and we prepared what we call our children's inheritance trust. The problem that happens is that children inherit, and what they inherit is their separate property but then quickly that inheritance gets comingled with other assets that the child has with their spouse. We set this up so that when the children inherit it, it will go into the children's inheritance trust which forces that inheritance to be kept separate from any other assets the child and their spouse may have. This way, if they get divorced, the child gets to keep all of their trust assets and the child only has to spilt up the other assets that the child and their spouse has accumulated during the marriage. Just make sure that an inheritance stays protected for your child and protected from their possible divorces and know that there are some things that you can do to make sure that happens. I'm Paul Rabalais and have a good day.

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