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Reply to "elderly father remarrying and inheritance question"
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[quote=Anonymous]There are lots of things he can do but a common thing would be for her to get income from FIL’s estate and then when she dies it all goes to the beneficiaries (I can’t remember if there will be rules with generation skipping if it goes to the grandkids instead of your dh and your sil but his attorney can talk him through all that). Where it becomes an issue is if she can withdraw principal for various purposes, in addition to getting the income. You say that she is financially secure but if she is allowed to draw down from the estate to buy a car, she may do that instead of using her funds. I have a friend who is running into that issue as the new wife is a trustee and the other trustee is her (wife’s) attorney and so wife has been drawing down principal and the remainder beneficiaries (my friend and her siblings) have no idea how much is left. [/quote]
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