Step Parents and Spending

[Anonymous]

A better way to handle all this -assuming that the father would want his kids to inherit equally and his second wife to be taken care by his estate would be to put it in a trust. The trust could be structured to provide for the second wife's living expenses, medical care etc. When the second wife dies the next beneficiaries which would be the 3 kids equally would split the money. A separate trustee would be named to handle the payments to the second wife until her death and to disperse the remaining assets after her death to the beneficieries.

[Anonymous]

Anonymous wrote:lol all the people calling 250k a lot of money. A lot of money is 5 million or more. 250k is a dinky cabin in the woods or half the cost of a shitty beach house or one kids college tuition. It is not a lot of money.

For the majority of people in America, they don't have ANY asset that is worth $250k, whether it is a home, a 401K, or a checking account. And may never have an asset of that size. Get over yourself.

[Anonymous]

My Dad left us (kids from previous marriage) about $50k each. He then left his house and all other assets to stepmom who gave his car to her son, and lives in their house now. Her kids will inherit the house and I will never see a dime. They were married for 6 years and she didn't work, and we were all adults & out of the house during their brief marriage. That said, she did care for him 100% during his year-long illness. She's a nice lady but we're not family.

[Anonymous]

Anonymous wrote:My Dad left us (kids from previous marriage) about $50k each. He then left his house and all other assets to stepmom who gave his car to her son, and lives in their house now. Her kids will inherit the house and I will never see a dime. They were married for 6 years and she didn't work, and we were all adults & out of the house during their brief marriage. That said, she did care for him 100% during his year-long illness. She's a nice lady but we're not family.

Did he put her on the deed after marriage? That would make her the owner all along.

Where would you expect her to live? Whoever earns a paycheck has no bearing in a marriage byi.

[Anonymous]

OP. I understand. My dad married my SM when I was four. She was a SAHM. She has five kids. My dad made us split everything when I was around - which was often. I thought we had a good relationship until recently...she found out that she was to inherit 10M. She rented out a large entertainment center, and hosted a large party. I was not invited. I found out on FB and word of mouth from my younger SS who thought I knew. While visiting my SM mentioned that she was purchasing properties for her grandkids not mines she was sure to point that out. My siblings and my kids are all the same ages. She even asked me how can she avoid paying my dads taxes. WTF?

Since then she has stopped talking to me. I was really hurt not only because of the money - be honest who wouldn’t be upset - but because I really thought we were close. She even told my dad to charge me for helping me around the house - he’s weak.

Sorry didn’t mean to hijack your thread. Your thread stirred up old emotions. End vent.

[Anonymous]

Anonymous wrote:I'd bet your 250k that your father had no idea she would do this or else he would have taken precautions to prevent it. You can't outright stop it, short of leaving her nothing or having her on a very tight disbursement schedule.

That he equally willed all 3 children equal portions indicates he had no preference. She is overriding that. That makes her disgusting.

Seriously- ask yourself what type of person would step between a parent and their child?

This.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It isn't your father's money, he's dead and has been for quite some time. Dead people don't have money, or stuff. You aren't being stolen from, you just aren't being subsidized.

It IS her dad's money. The SM never worked a day in her life. If it weren't for her da's money Susan would be on the street!

OP- I am sorry. This is terribly cruel. There isn't much to be done than wash your hands of her and move on. she sounds like a horrible woman.

That’s not how stay at home mothers should be perceived. What she did at home enabled her husband to go out and earn that money. It’s their money as a couple, and OPs father divided it as he saw fit.

$250,000 is a lot to inherit OP. Most people never see anything close to that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:lol all the people calling 250k a lot of money. A lot of money is 5 million or more. 250k is a dinky cabin in the woods or half the cost of a shitty beach house or one kids college tuition. It is not a lot of money.

For the majority of people in America, they don't have ANY asset that is worth $250k, whether it is a home, a 401K, or a checking account. And may never have an asset of that size. Get over yourself.

Right. We are not entitled to our parents’ money.