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Reply to "Protecting money you gift adult kids for a house"
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[quote=Anonymous]Exactly. My father worked really hard and as a result created trusts for his children and grandchildren. If my spouse were to mistreat me, cheat etc you think that my spouse deserves 1/2 of the money I was entrusted with (8 digits) - money all earned and gifted before we were even dating? Wouldn't you feel terrible losing that money because you chose the wrong spouse. For our kids trusts I'm the trustee (along with our estate planner)- my husband isn't one. Why? Because people protect their money. Smart people anyway. You all are very generous with your pretend trusts- but I wonder how you would feel if that trust was an actuality.[/quote]
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