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Reply to "How to ensure my kids inherit my money if my husband remarried and died?"
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[quote=Anonymous][quote=Anonymous]Set up a trust. Designate kids as beneficiaries. Talk to your lawyer.[/quote] As a practical matter I think it would be difficult to balance providing for your spouse after you die while also preventing your spouse from spending the trust funds unless you are ultra wealthy. But let's say you're regular DCUM UMC and you've got like 3 million in assets total split 50/50 with your spouse. Say 1 million in the house and each of you have 1 million in retirement. Your house is probably some form of joint tenancy with survivorship or tenancy by the entirety so when you die that $500K goes to surviving spouse. So let's say you put the $1 million in retirement into a trust and say you use a typical HEMS standard for distributions. It's going to be hard to prevent the surviving spouse from using that money first to pay bills and then however they leave their monies is outside of your control.[/quote]
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