I am a physician and have inherited a fortune and planned to marry next year. Although there are no lawsuits pending, I am still worried about losing this inheritance to malpractice suits and/or a divorce in the future. I was advised to "give" the inheritance to my mother to set up a revocable trust, with me as the beneficiary. This would protect me better than a prenuptial agreement. This construction will also protect me against malpractice suits. Since I am the beneficial owner of the assets of the trust, I can invest the assets and withdraw as an owner. I will do these via my mother, to prevent damaging paper trails. In case of a divorce, my wife will not be able to claim the increase of the value of the assets in the Trust. Are there any pitfalls with this construction?Is this a good way to protect my assets from divorce?
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