Image Credit: UsWeekly
Fashion designer Rebecca Minkoff has taken an unconventional step to safeguard her assets in the event of her death or a divorce, revealing that she included a so-called “floozy clause” in her will to ensure her wealth remains with her children.
Speaking on the Trading Secrets podcast on March 24, Minkoff shared that the clause prevents her husband, Gavin Bellour, from using her assets for a new partner if he were to enter another relationship. According to Minkoff, should Bellour “shack up” with someone after her passing, all of her assets would be immediately transferred into a trust for their children. She clarified that while Bellour would still be allowed to manage the trust, he would be restricted from using the funds for a new partner’s benefit.
The designer credited her mother for the idea, noting that the concern was not about distrust in her husband but rather the potential influence of another person. She explained that the clause also applies in the event of a divorce, though Bellour would still retain access to the assets unless he remarried.
Minkoff and Bellour, who married in 2009 and share four children, structured their finances with a joint family account while keeping their individual earnings separate. She explained that their contributions to the household are proportional to their income, ensuring a fair financial balance.
While unconventional, Minkoff defended the clause as a practical move, emphasizing the importance of protecting her family’s future while maintaining financial independence.
