Rebecca Minkoff Reveals 'Floozy Clause' to Protect Children's Inheritance
The fashion designer discussed her unique financial planning strategy and family-focused asset protection on the 'Trading Secrets' podcast.
- Rebecca Minkoff disclosed the inclusion of a 'floozy clause' in her will, ensuring her assets go into a trust for her children if her husband remarries after her death or they divorce.
- The clause, suggested by Minkoff's mother, prevents her husband, Gavin Bellour, from using her assets to benefit a new partner while allowing him to manage the trust for their children.
- Minkoff and Bellour started their marriage in 2009 with no significant assets but have since achieved financial success, including the 2022 sale of her fashion brand for nearly $20 million.
- The couple maintains a financial structure combining joint accounts for family expenses with individual autonomy over personal earnings.
- Minkoff, who exited 'The Real Housewives of New York City' earlier this year after one season, continues to balance her public persona with family priorities.