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Horn & Johnsen News

Horn & Johnsen SC > Horn & Johnsen News (Page 6)

Providing Divorce Protection for Your Children

Providing Divorce Protection for Your Children Despite the fact that the Baby Boomer generation has seen high divorce rates, my experience has been that parents of Baby Boomers generally did not wish to discuss divorce protection for their children and grandchildren.  Times have changed… Most people now acknowledge that divorce is a common occurrence.  Therefore, why not provide your beneficiaries with the opportunity to protect their inherited assets in the event of a future divorce? Traditional estate planning, including the use of direct beneficiary designations, wills, and “bare bones” living trusts, usually provide for an outright distribution to your beneficiaries upon your death.  Most...

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