Legal Forms and Dodiment Service Online   Legal Discussion Board, Advice, Information, Legal Aid and Legal Issue   
          Forums Login or Register News Members Calendar Search Bookmarks Settings Help Legal Document Service   
 Statistics: 25 people online; 301 members; 177 topics; 371 messages; 43,831 words  8 Nov 2021 1:50 am 

Marriage & Love. Family Affairs >> Love and Marriage with Prenuptial Agreement >> Prenup for Only Child - Protect Inheritance?

New Message   Printable Version   Threaded View   Page 
Discussion: Prenup for Only Child - Protect Inheritance?-
#300, posted 28 Jun 2022 2:48 pm177 words
Columbus22 (Offline)

Joined 28 Jun 2022 2:42 pm

1 post

I am an only child and stand to inherit a decent amount of money. My parents are still alive, however I am the sole beneficiary to their estate and also have power of attorney. Marriage is on the horizon for me and I want to know if I need a prenuptual agreement to protect my future inheritance. It is my understanding that my future husband cannot claim my inheritnace as long as I dont spend my inheritance on something that would be marital property. Is that true?

I really do not want to go through getting a prenuptual agreement. Aside from my future inheritance, I do not own any real estate or anything worth protecting. Are there any alternatives to a prenup that I can establish to protect my inheritance and the little money I have saved? How about a revocable living trust?

Since I have power of attorney over parents, if I am married and I die before them and my husband. Does that power of attorney transfer to my husband? I wouldnt want that either.

#308, posted 11 Jul 2022 7:50 pm, in reply to #300139 words
Customer Support (Offline)

Joined 26 Jan 2022 1:01 pm

144 posts

9.6/10 Rating
Dear Columbus22,

You are absolutely right saying that your inheritance money remain your property unless you sacrifice them to buy marital property.

Your parents may set up a testamentary trust meaning that you inherit whatever they had in the trust after they pass away. OR, you may set up a Living Trust after you receive the inheritance. But for now, as we understand from your post, there is nothing to worry about except that some savings money. Anyway, we strongly recommend you to consult an attorney whether a Living Trust is the best option for you.

Good news: the Power of attorney you are holding dies together with your parents. That means that after death of your parents their POA is ineffective.

Please note that authorities granted in a Power of attorney are "non-transferable".

Best regards,

Legal Helpmate Corp.

Edited 11 Jul 2022 7:52 pm by Customer Support Reply  

Search this topic   Email this topic   Page 
Members who are visible and online browsing this topic:

Go to forum Return to the top of the page
Forums - Privacy Policy - Terms of Service - Help - Legal Forms

Powered by Legal Helpmate - Legal Document Service Online