+1 And definitely not OP's DH's place to tell his FIL (from whom he would not inherit) what to do with his money. |
That’s all well and good...but, if you die and your husband remarries some bimbo and gives all your money to the bimbo’s kids, I think your daughter would be entitled to be a bit pissed off. |
I am not saying OP should tell her dad what to do. I am saying OP should not be naive. She needs to have a conversation with her dad about it. And no, the stepmom and kids are NOT family at this age when it comes to generational wealth. That money was OP's mom's too. |
Exactly. And failed parent would be someone who cuts a kid out of a trust in order to teach them a lesson. |
I think the difference here is that you are first gen wealthy. Generational wealth learns from previous generations what the rules are. |
She can have all the conversations she wants. Dad is going to dance to the tunes of the woman he’s currently sleeping with. |
*shrug* I'd rather raise a self sufficient child, than an entitled one. Your mileage might vary. I don't believe in hoarding money, generational wealth, and creating people that are relying on other people's efforts for their livelihood (socialism!!!) And I would think that a parent that cares about their biological children would be mindful of the consequences of their actions, and act appropriately. If they don't, that's a deliberate choice, and reflective of their relationship with their children. People don't accumulate wealth accidentally; they know how to manage it. |
+1. Having personally gone through this, it is awful. |
Sage words. I've seen this play out in my 50+ years as well. |
| OP I think the only thing you need to talk to your dad about is to ask him to structure his will so that, if you recieve anything, he does it in such a way that your husband can't get any. |
A nursing home would have been really expensive. If she’s so nice, why didn’t you ask her about your share? |
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It's true that the dad can do whatever he wants with his money. I have seen personally where the dad remarried, died suddenly shortly after and new wife purchased homes for her children with the money he left. Though the bio kids aren't starving, there is some resentment to the step siblings.
I've also know a situation where the dad married a much younger woman and they had many long happy years together. The grown children loved her and felt her entitled to any money. OP may honestly not care, but I think instead of jumping to seeing her husband as horrible for bringing it up, maybe consider his perspective. |
There is not concern about burial since we cremate. His new wife and I come from the same background, so scattering ashes is also not an issue. |
| I've known quite a few old women who consider remarrying a rich older widower their "retirement plan". |
I am not sure what part you did not understand. If it is the "we" in the first quote, but that I didn't mean my husband, "we" meaning me and my dad. My husband does not know her, but he is fully aware that she has been a friend of the family for a while. Hope that helps. |