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Parenting -- Special Concerns
Reply to "Divorced parents, trust fund"
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[quote=Anonymous][quote=Anonymous]A couple is divorced. A grandparent is planning to make their adult child and grandchildren beneficiaries of a substantial trust. Would you set it up to also benefit the ex-spouse? Co-parenting is amicable but obviously, they’re divorced. It seems unworkable for the children to have way more assets than one parent, right? How could a trustee referee that situation?[/quote] No only no but Hell no! You are divorced and former inlaws owe you zero! In fact, they should include something that prohibits you from profiting in any way from the trust.[/quote]
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