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Klenk Law

If my son doesn’t get a prenup, can I shelter his share of my Philadelphia estate?

Posted on Wed Aug 12, 2015, on Trusts

From our “Ask a Question” Mailbag: Protecting Assets from Children’s Creditors Philadelphia

Most Recently Updated July 19, 2018.

“My son is getting married this fall and his fiancé refuses to sign a prenuptial agreement. I am worried that if I die, his share of my estate will end up going to her in a divorce. What can I do?”

Protecting Assets from Children’s Creditors Philadelphia

Protecting Assets from Children’s Creditors Philadelphia

As part of your estate plan, we could incorporate in your will a trust to hold your son’s share of the estate. Simply put, if your money pours into a properly drafted trust rather than into your son’s hands, then your future daughter-in-law will have no claims to the assets in a divorce. This can be a rather simple trust, or it can end up rather complex. It all depends on your wishes. I can walk you through the possibilities and you can then decide what terms best fit your family.

If you have any other questions about estate planning, trusts or will drafting, feel free to contact our office for a free consultation.

More Planning Questions?

The trust is only a piece of the Estate Planning process. By all means, if you want to learn more, please read my more detailed article, Estate Planning Everything You Need to Know.

In Conclusion: Protecting Assets from Children’s Creditors Philadelphia

I hope that this article was helpful in explaining how to protect your child’s inheritance from potential creditors. Further, I included links to even more detailed information on my website so you can learn more. Therefore, please contact me and let me know how I did. Certainly, your comments and questions are welcome!

Let our Estate Planning lawyers help walk you through what can be a confusing process. To begin with, call to speak to one of our experienced estate planning lawyers.  By all means, our lawyers are ready to answer your questions. In fact, feel free to contact our office for a free consultation. Ultimately our goal is to make the process as painless as possible!

Wills, Trusts, Probate, and Estate Litigation, It’s All We Do!

 

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creditor claims, Estate Planning, Estate Planning Attorney, Estate Planning Lawyer, Pennsylvania, Philadelphia, Trusts

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    Peter Klenk is the founding member of Klenk Law, a seven attorney boutique estate planning law firm. We serve clients in Pennsylvania, New Jersey, New York, Minnesota and Florida. Peter Klenk received his Masters in Taxation LL.M. from NYU Law School and his J.D. from the University of Minnesota Law School. He served his country in the Navy JAGC during Desert Storm. Easy to talk to, feel free to call Peter for an appointment. We will make the process as easy as possible!

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