Tensions often arise with in-laws years after a marriage. Someone in the U.K. recently expressed concern on how to protect a child’s inheritance from a bad son-in-law, according to the This Is Money advice column "I have a terminal illness and our son-in law is unreliable with money - how can we protect daughter's inheritance?"
The answer in the U.S. is the same as it is in the U.K.
Parents are often wary that their son-in-law or daughter-in-law will meddle in their children's inheritance, spend the inheritance foolishly or, worse yet, walk-away with half of the inheritance after a divorce.
Instead of leaving a child an inheritance outright through a Will a trust can be used to protect the assets from a wayward in-law. With a trust, you can make sure that your money is only distributed how and to whom you want. If your child gets divorced, a trust can protect the inheritance.
An experienced estate planning attorney can advise you on creating an estate plan that fits your unique circumstances, which may include considerations for a son-in-law or daughter-in-law.
Reference: This Is Money (Sep. 8, 2017) "I have a terminal illness and our son-in law is unreliable with money - how can we protect daughter's inheritance?"