Melinda, Bill Gates' billion dollar divorce could change kids' inheritance plans

Melinda Gates is enlisting trust and estate attorneys in her divorce, which experts say is highly unusual and could hint at her plan to leave a bigger payout in her three children's inheritance.
2:38 | 05/18/21

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Transcript for Melinda, Bill Gates' billion dollar divorce could change kids' inheritance plans
We are back with the 4r5i9est on the billion dollar divorce of bill and Melinda Gates. The couple often said they would leave just a small fraction of their empire to their three that could change in the wake of the divorce. Rebecca Jarvis has the details. Good morning, Rebecca. Reporter: Good morning, George. When you have an estimated $130 billion family fortune, those divorce proceedings can look a little fferent. Now, Bill Gates has said previously each of his children will receive $10 million less than 1% of that total wealth overall, but now some legal experts are estimating that that could change. With an estimated $130 billion fortune how will this one-time power couple divide their assets? In her divorce filing earlier this month, Melinda Gates calling her nearly three decade long marriage irretrievably broken along with her divorce attorneys, enlisting trust and estate attorneys which some experts say is highly unusual and could hint at Melinda's plan to leave a bigger payout in the Gates children inheritance. Including the trust and estates attorney on the petition, what it may mean is that Melinda Gates intends to throw out that old plan of only leaving $10 million to each of the children. Now that they're getting divorced Melinda will have her own sole and separate property and however much money she wants to leave to her children she can do so and there are probably going to be no restrictions on it. Reporter: The parents of three have openly spoken about how the majority of their wealth will go to fill Lann floppen work reportedly leaving just a fraction of their vast fortune to their children. In 2010 the couple along with billionaire investor where ren buffet founded the giving pledge, a movement that grew into a commitment from some. The world's wealthiest to give away the majority of their money to charitable causes, something they later spoke about to ABC news. I don't think it's a favor to a child or to society to have immense amount of wealth bequeathed to them simply because of the family they're in. You know, they want to develop their own identity, their own excellence. Yeah, and I think what we've tried to instill in our own kids with great wealth comes incredible enormous responsibility. Reporter: And the bill and Melinda Gates foundation is a giant in the world of charity giving to causes across the board from health to education to social issues. At point Melinda and Bill Gates said they will continue to work together on that giving. Thanks very much. Coming up, Dwyane wade and

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