In light of the gigantic lottery jackpots across the US this week, I imagined a theoretical dilemma.
Let’s say you won the $500 million jackpot and you’ve decided to share a portion with siblings/children/grandchildren/friends/whoever. But your sister is married to a skeevy bum who wouldn’t think twice about divorcing her and claiming half of her assets, so you want to prevent that from happening. Is it possible to create a trust or other instrument that isn’t part of community property (or whatever it’s called) so that skeev-o couldn’t live off your generosity?
Stretching things a bit further, your sib has been divorced for a number of years and neither former partner pays alimony to the other. Suddenly, the ex discovers that your sib is getting a windfall from you - he/she doesn’t have any sort of claim against that, right?
This is all purely theoretical. I’m not seeking legal advice - just idle curiosity. I haven’t even bought my lottery tickets yet.