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