If you have children, you’re probably planning on leaving your estate to them when you and your spouse pass away. Establishing a living trust is usually the best way to set up your estate plan, because it can eliminate probate and save your family a lot of time and money.

But establishing a basic living trust won’t protect your children’s inheritance from divorce claims and lawsuits. With most living trusts, mom and dad’s assets are distributed directly to the children when the children reach a certain age. The problem is those assets can be taken by a divorcing spouse or a plaintiff in a lawsuit.

Here’s a real life story: