A child’s marriage can be one of the most hopeful and joyous occasions for a parent. Marriage can signify to a parent the official end of childhood and the start of adulthood where a mature child has now officially left the “nest.” Marriage brings a new member to the family circle, whose values and ideals will hopefully integrate seamlessly with existing family morals. And for many, marriage brings the hope of grandchildren!
Anyone who has ever worked with a family during or after a new marriage knows that a child’s marriage may not always be the peaches and cream that the parents had been so hopeful for at the wedding. Family dynamics change, conflicts arise, and a parent’s once flowery estate plan that previously placed complete trust and confidence in a child may now need to be changed to assure that the child’s spouse may never touch the family fortune in the event of a future divorce. Parents have many estate planning tools and strategies at their disposal that they should be incorporating into their estate plans, either before or after a child’s marriage, to safeguard their child, their future grandchildren, and their family legacies in the event of a child’s untimely and messy divorce.
Trust Planning
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]