How do I set up a Will so that our only son has exclusive control of our assets and his wife and her family can not have access to it?

She has already run him into bankruptcy once and is headed in that direction for a second time. She would find a way to take the estate and give it to her parents.

Asked on February 27, 2015 under Estate Planning, Wyoming

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 5 years ago | Contributor

Please go and speak with an estate planner on this as soon as you can.  While inheritance is not a marital asset if he co mingles the account or gives her access your wishes would not be followed.  If you set us a Trust, however, then you could keep the funds away from her and her family and leave it only to your son and then grandchildren.  Choose the Trustee wisely and the terms of the trust should be very specific: education, etc.  Good luck.


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