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Family Relationships
Reply to "Inheritance/gift to child and spouse or just child?"
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[quote=Anonymous]Inheritance and money gifts are normally to the child, not the child & spouse, to ensure it's not marital property. That protects the gift in the event of divorce, but also in the event of the spouse getting sued. Is the spouse a Dr, a lawyer, a landlord, or any other profession at risk of being sued? If it's not his/her property, then it can't be awarded in a lawsuit against the spouse and then the couple at least still has some money left protected. Both spouses should always keep at least part of their assets as non-marital, when they can. It protects the family in more ways than one. [/quote]
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