There may be a situation where you want to leave money to your children but you do not want their spouses to be able to take control of it.

For example, if their marriage is problematic with a risk of divorce, any money your child receives as an inheritance will be at risk when a financial settlement is made. The court could decide that their spouse should receive half or even more than half, depending on the circumstances.

Alternatively, the inheritance could be at risk in another way, if the child’s spouse is facing bankruptcy or might be investing in a risky business.

If you want to protect your estate so that your child can benefit from it for the rest of their lives, you may want to consider this when having your Will drawn up.

Make sure you leave a Will

The first step is to make sure that you make a Will. Without a Will, your estate might not pass to the beneficiaries whom you would want to receive it as all of your assets would pass in accordance with the Rules of Intestacy. These rules set out in strict order of priority who will inherit and how much of your estate they will receive.

By way of example, if you are married and you have children, then your spouse will inherit the first £270,000 of your estate plus all of your personal possessions. The remainder of your estate will be split in half and your spouse will receive one half. Your children will share the remaining half equally.

In some situations, this means that your children could receive substantially less than your spouse, which might not be what you want. If your children are married, then any money that they receive is at high risk of being considered a matrimonial asset, should they divorce in the future.

Consider putting assets in trust

You can take steps to protect your assets for your children by using your Will to put the assets into a discretionary trust. This means that the trustees can use the assets to benefit your children and you can leave a letter of wishes outlining how you would like this to be done.

Money held in trust is not completely guaranteed to be safe from divorce however and it is important to take legal advice to ensure that you structure your estate in the best way possible for your circumstances. The court may still decide to take trust assets into account as a financial resource when assessing how much each party should receive. However, it can often be preferable to try and protect assets as far as possible by setting up a trust to benefit your children, rather than leaving them money outright, which would certainly be taken into account by the court in dealing with financial matters on divorce.

If you would like to speak to one of our expert estate planners, ring us on 01634 353 658 or email us at