Don't let an ex-son-in-law or ex-daughter-in-law get a portion of your hard-earned assets. Unfortunately, a traditional will exposes your assets to such a scenario.
A simple strategy to avoid this from happening is setting up a revocable living trust. One of the most attractive features of trusts is that they can be set up to serve a variety of different circumstances and achieve different objectives. In fact, trusts are routinely utilized for gifting, asset management, tax protection, and as a shield against creditors and/or civil lawsuits. Trusts can be established while you are living, or they can be included in a will with a stipulation that the trust is to be established after your passing.
To learn more, read the full article here:
http://insightlaw.net/bobbys-blog/protecting-your-assets-from-unintended-beneficiaries
