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Would you ask your child to share in their inheritance? For Eileen, who is in her 60s, this question is not hypothetical.
Eileen's husband currently receives a check every quarter from his family's bloodline trust.
But the couple recently discovered that if he dies before she does, Eileen won't inherit his share.
Rather, the $2 million trust will pass on to the couple's daughter, who is next in his family's bloodline.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 —6 ways to build wealth like a landlord without actually being one JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA.Get your free guidefrom Priority Gold The tax breaks in Trump's 'big beautiful bill' expire after 2028.Here are 4 moves to make before the window closes In other words, Eileen will receive nothing.
"We're just wondering if it would be ethical for us to ask her to split the inheritance if he pre-deceases me," asked Eileen, who lives in Albany, N.Y., during a clip ofThe Ramsey Show(1).
But the hosts told Eileen that asking their daughter for a cut of her inheritance feels "gross." Here's what the couple could do instead (and what they should have done earlier).
Bloodline trusts, also called dynasty trusts, are used to protect family wealth — particularly as blended families become more commonplace.
For example, while about 1.8 million Americans got divorced in 2023, two-thirds of divorced Americans will go on to marry again, according to an analysis from the Pew Research Center (2).
couples who lived together in 2021 had children from at least one previous relationship, according to U.S.
However, most people have no idea bloodline trusts exist or what they actually mean for a surviving spouse's financial security.
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