1 00:00:01,440 --> 00:00:03,680 Speaker 1: And Amanda jam Naci. 2 00:00:03,840 --> 00:00:07,360 Speaker 2: The jester arms to the pub test, controlling your child's inheritance. 3 00:00:07,520 --> 00:00:08,760 Speaker 3: Does this pass the pubtest? 4 00:00:08,800 --> 00:00:10,920 Speaker 2: Well, Apparently more and more parents are trying to do that. 5 00:00:11,240 --> 00:00:13,320 Speaker 2: With more children dipping into the bank of mum and 6 00:00:13,360 --> 00:00:16,720 Speaker 2: dad and divorce rates continuing to rise, parents who are 7 00:00:16,720 --> 00:00:19,560 Speaker 2: properly wealthy and have money, or really any parents are 8 00:00:19,560 --> 00:00:23,000 Speaker 2: concerned that this will be lost with their children in 9 00:00:23,040 --> 00:00:26,200 Speaker 2: the future going to relationships that break up and the 10 00:00:26,320 --> 00:00:29,120 Speaker 2: partner then therefore is entitled to the money. So they're 11 00:00:29,120 --> 00:00:31,600 Speaker 2: calling up lawyers themselves and getting the ball rolling on 12 00:00:31,720 --> 00:00:34,840 Speaker 2: pre nups before the children can even walk, let alone 13 00:00:34,840 --> 00:00:37,720 Speaker 2: walk down the aisle. So that's what they're doing. Nearly 14 00:00:37,720 --> 00:00:40,200 Speaker 2: half of Australian marriages end in divorce, and this lawyer 15 00:00:40,240 --> 00:00:42,640 Speaker 2: has said it's not uncommon for parents in a situation 16 00:00:42,680 --> 00:00:44,640 Speaker 2: where the kids are getting married to say to their 17 00:00:44,640 --> 00:00:48,120 Speaker 2: son or daughter, can you sign this pre nup with 18 00:00:48,159 --> 00:00:51,280 Speaker 2: your partner before that, because the prenup would provide that 19 00:00:51,320 --> 00:00:53,320 Speaker 2: if the couple were to go their separate ways, if 20 00:00:53,440 --> 00:00:55,920 Speaker 2: during the relationship one of them received an inheritance, that 21 00:00:56,040 --> 00:00:58,600 Speaker 2: inheritance would remain with the property of the party who 22 00:00:58,720 --> 00:01:01,600 Speaker 2: received it and doesn't get divvied up in the assets. 23 00:01:02,040 --> 00:01:04,520 Speaker 2: So can you do this Once your money is given 24 00:01:04,520 --> 00:01:06,120 Speaker 2: to your child, are they free to do what they want? 25 00:01:06,160 --> 00:01:09,399 Speaker 2: Or can you control it like this controlling your child's inheritance? 26 00:01:09,440 --> 00:01:10,479 Speaker 2: Is it past the pub test? 27 00:01:11,040 --> 00:01:13,640 Speaker 3: You leave it in your blood line when you leave 28 00:01:13,720 --> 00:01:17,080 Speaker 3: your will, right, you're parted down in your bloodline. 29 00:01:17,120 --> 00:01:18,279 Speaker 2: So that means your. 30 00:01:18,200 --> 00:01:21,800 Speaker 3: Partner of who's married your kids, can't take the money 31 00:01:22,040 --> 00:01:24,240 Speaker 3: to be putting it in the bloodline you've been with. 32 00:01:24,520 --> 00:01:28,480 Speaker 3: So if something happens to your sons will be kids 33 00:01:28,520 --> 00:01:30,760 Speaker 3: here that stays in the bloodline, it can't. 34 00:01:30,560 --> 00:01:33,280 Speaker 1: Gain your partner, Yeah, for sure, already don't. You're going 35 00:01:33,319 --> 00:01:35,360 Speaker 1: to put up a few roadblocks because in the some 36 00:01:35,560 --> 00:01:36,320 Speaker 1: of life's. 37 00:01:36,120 --> 00:01:37,839 Speaker 2: Choices that don't work out. 38 00:01:38,440 --> 00:01:41,160 Speaker 1: And we know that. So we're just helping our kids. 39 00:01:41,440 --> 00:01:43,480 Speaker 1: And my kids know all about it. They know about it, 40 00:01:43,560 --> 00:01:46,840 Speaker 1: and they've told their current partners all about that. So 41 00:01:47,120 --> 00:01:48,440 Speaker 1: it's just bringing out in the open. 42 00:01:48,720 --> 00:01:50,600 Speaker 3: Look, I certainly agree with that. 43 00:01:51,040 --> 00:01:53,720 Speaker 1: I was married for thirty two years. I work the 44 00:01:53,760 --> 00:01:57,720 Speaker 1: whole time, and we both contributed to the slipper funnels. 45 00:01:57,800 --> 00:02:01,880 Speaker 1: Right when he left. Tell you wife of a year 46 00:02:02,320 --> 00:02:04,760 Speaker 1: she got the whole lot, but he passed away. We 47 00:02:04,920 --> 00:02:08,079 Speaker 1: gotten nothing. I even took it to court as we 48 00:02:08,240 --> 00:02:11,440 Speaker 1: gotten nothing. I had no problem with it, but it 49 00:02:11,480 --> 00:02:14,200 Speaker 1: won't work in a court of law. My mum died 50 00:02:14,320 --> 00:02:21,000 Speaker 1: three years after we separated. We were still undertaking property proceedings. 51 00:02:21,040 --> 00:02:23,760 Speaker 1: He went for half of my mother's house and the 52 00:02:23,919 --> 00:02:27,639 Speaker 1: only reason he did not get it after subpoenaing her 53 00:02:27,880 --> 00:02:31,799 Speaker 1: wheels because I was actually excluded from the wheel. Once 54 00:02:31,840 --> 00:02:34,720 Speaker 1: you get the money is up the ground at the 55 00:02:34,800 --> 00:02:36,919 Speaker 1: start of the access pool, and a. 56 00:02:36,919 --> 00:02:40,480 Speaker 3: Pre nupshal does not hold up in a court of law. 57 00:02:40,800 --> 00:02:45,200 Speaker 2: She has some terrifying stories in there. Spend it all now, Wow, 58 00:02:45,280 --> 00:02:46,280 Speaker 2: that's terrifying. 59 00:02:46,919 --> 00:02:48,120 Speaker 3: Thank you for all your calls.