There is a 40 to 50 percent chance that one half of your inheritance to one of your children or grandchildren could be lost. How?
One of the four wealth predators. Divorce.
According to the American Psychology Association, about 40 to 50 percent of married couples in the United States divorce. The divorce rate for subsequent marriages is even higher.
Divorce happens. Sometimes for weird reasons…
After 17 years of marriage, this woman called her husband only to discover that he left his phone at home. As she glanced at the screen, she saw that her husband had named her “Guantanamo” after the notorious American prison.
The wife, completely livid, filed for divorce stating that the nickname proves her husband is a tyrant that she can no longer be married to.
The husband, however, said that the name wasn’t about how he thought of her; it was a way to maintain his privacy. He didn’t want others to know he was talking to his wife.
How would you feel if you left money to your grandson, only for him to lose half of it in a bitter divorce?
It happens more than we realize. For instance, in 2011, actor Mel Gibson lost half of his entire estate to divorce, amounting to a whopping $425 million.
Be sure your legacy is protected from loss due to divorce.
And the other four Wealth Predators.