HAHA not my sister. I have a real sister, thankfully. And she’s pissed, too. |
All these 2nd wives have no idea that if they die 1st their money will go to the adult children from his 1st marriage and only a portion will go to their own child. |
Why would you assume that? |
My “stepmom” is younger than I am. She has zero authority over me. |
So far so good, wait, actually I am not the trophy wife, I have a trophy wife…. That is not the point, the point here is young people should work hard to make a living, and be grateful. |
so you are cool with your retirement going to his kids if you die early due to cancer. All that money goes to your H, then passes to all his heirs. That is what you want for your child? To share the money you earned your whole life to go to kids from his 1st marriage? |
They are. And, we have both of those things. But, thanks for the advice. I have money in my name only, especially money I had prior to marriage. I honestly cannot imagine the kids demanding anything at this point. I think his ex will be the issue. |
So why didn't your wife do that. |
With retirement accounts, you set who they will go to. So, if your husband decides they go to the first kids, that's his choice. Ours are set up where they go to the spouse, then our kids if both of us die. Simple. If there are minor kids, the money should be used to care for all minor kids first. |
How do you know his current wife doesn't work? How do you know his ex-wife works and isn't getting child support and alimony while living with her AP? |
I have an estate plan. 66% goes into a self executing trust for my kids and 33% goes to my spouse. I sought legal help before we ever got married. My brother not my spouse is the executor of my trust for my kids. DH pays for our lifestyle though I also work. If he was saddled with lifetime alimony I never would have married him. If he stops being an attentive husband and father I’m out. |
If you die your retirement goes to your husband. So you cut his kids out of the inheritance of his money? |
So your money goes to your kids and his money goes to all his kids. That is exactly what people are saying. The adult children should still get a portion of the h’s inheritance. So if he dies, he did the same 66% goes to the kids and 30% to you? |
I assume if he dies in that scenario the 66% would be divided among all his kids from both marriages, plus I would hope it would be less than 66% as we have young kids I need to raise and put through college. No matter what he does, I’ll be okay as I save all my earned income between my 401k, kids college accounts, and my brokerage account. It has to be this way. I have young kids and marrying him was a big risk. |
You should have a life insurance policy to help raise your children. Have you not done that? |