The Moneyologist: My father-in-law chose me as heir to his $2 million fortune — leaving his wayward son out in the cold

Dear Moneyologist,

I have a problem. Actually, my brother-in-law has a problem. My wife’s father was a prudent businessman and investor. He amassed what some would consider a sizable estate. It includes a family business (which I run) and, when liquidated in future years, will be worth well over $2 million. My father-in-law set up his estate with the idea that laws would change and it could be taxable. He also set up an irrevocable trust to hold most of his assets upon his passing.

Also see:Will my brother’s $300,000 debt to our mother die with her?

My brother-in-law (his son) led a checkered youth — I will not go into detail — but there was incarceration and bad blood for a while.

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