MT agony uncle Jeremy Bullmore

Help: I don't want my company shares to go to my son's wife

How can I make sure my daughter-in-law doesn't get access to my shares?

Last Updated: 15 Sep 2014

Q. I'm retiring next year and would like to transfer my company shares to my son. There's one problem: I'm concerned his marriage is on the rocks and I don't want his wife to get her mucky hands on the shares in the event of a divorce. What would you do?

Jeremy says: You could put the shares into a discretionary trust, with your son as one of the trustees, the potential beneficiaries strictly identified and instructions for the contents of the fund to pass to your son only on your death.

This would keep the shares out of your son's estate for long enough (I hope) either for the marriage to have settled down or for the terms of a divorce to have been agreed and executed. But do please take further advice from an expert.

- Jeremy Bullmore is a former creative director and chairman of J Walter Thompson London. Email him your problems at Regrettably, no correspondence can be entered into.

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Books for the weekend: Daniel Goleman, Jack Welch, Nelson Mandela

Beaverbrooks CEO Anna Blackburn shares her reading list.

What happens next: COVID-19 lessons from Italian CEOs

Part I: Marco Alvera, chief executive of €15bn Lombardy-based energy firm Snam, on living with...

Coronavirus communications: Dos and don'ts

Uncertainty and isolation make it more important than ever to be seen, to be heard...

Leadership lessons: Mervyn Davies, former CEO of Standard Chartered and trade minister

"People talk about pressure – I worked 24 hours a day. There is more pressure...

How to reinvent your career through motherhood and midlife

Pay it Forward podcast: Former Marie Claire editor-in-chief Trish Halpin and BITE managing editor Nicky...