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Friday, June 3, 2016

If your child gets divorced, what happens to the money he or she inherited from you?

What if you leave your son or daughter a share of your estate, and then the son or daughter's marriage breaks up? Will the money you left as inheritance end up in the hands of the divorced spouse? We don't really want to think about our kids going through a divorce but statistically, we know it's possible.

This topic was recently tackled by Stan Rule, a lawyer in Kelowna, BC who has a great deal of experience with wills and estates matters. To read Mr. Rule's comprehensive discussion on the topic, click here.

What I like about Mr. Rule's post in particular is that he gives a couple of examples that are very true to life. You'll be able to relate his discussion to your own situation.

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