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Reply to "Basic Questions for Women"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]1 Is your name on the deed to the home you live in with your spouse? Why so you have a legal right to the home you live in with your spouse, whether or not your name is in the mortgage? 2 Is your name on all jointly held investment accounts? Why so your spouse coukd not suddenly lock your access to them. 3 Are you the named beneficiary of your spouse’s life insurance, pension or other retirement accounts? Why because it may have never been updated from parents living in another country or more usual a former spouse. 4 If there was a prior marriage have you and your spouse discussed and taken the actual legal steps defining what you will receive and vice versa upon one’s death? And if there are the legal provisions for any children you share? 5 if you have minor children do you have a will Ec set up to protect them? Just thinking about cases where these issues have come up —- one with a daughter recently and another hearing from a friend at lunch today about a woman who jus recently leaned in a divorce situation the home she shared for 40 years was an inheritance to her husband and when they married he never added her name. Just some things to check on. [/quote] Lawyer here -- agree that these are really important things for people to check on/think on/discuss. 1. Yes, my name is on the deed to our house. It went on there when we bought it, which was before we got married. I'm on it because it's my house as well. He's on it for the same reason. Simple. 2. All of our investment accounts are separate. We both had all of them before we got married, with the exception of one that I inherited. It's just how they have always been, so it is how they are. 3. Yes, we have made certain to make each other beneficiary wherever appropriate. 4. DH was married before, but I wasn't. No kids for either of us. So we don't really need a complex conversation about what I get or what he gets upon death -- it's simple: he dies, I get everything; I die, he gets everything (with one small exception there -- I have left one modest charitable bequest). 5. No kids. Thank heavens, tbh. [/quote] We are the same exact scenario. Life is good!👍 [/quote]
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