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Eldercare
Reply to "Elderly Parent Re-marrying. Protecting Assets."
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[quote=Anonymous]Hmm. Well, he could give you power of attorney and also put his assets in a revocable living trust and make you the trustee, or co trustee along with him. Those documents can be changed, however, they are not irrevocable unless he doesn’t have the capacity to revoke them. He probably could change the beneficiary of his life insurance plan, too. So yes, his remarrying could mean you wind up with less inheritance. It could mean the wife gets access to the funds and spends them in a way you disagree with. You may not be able to fully control or stop that. Sorry.[/quote]
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