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Relationship Discussion (non-explicit)
Reply to "Second marriage finances"
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[quote=Anonymous]Everything I own is in a trust. I have a house and investments. If I die everything goes into the trust. The trustee is a paid family member with oversight from my sister. The trust has instructions. All the money goes to my children and grandchildren. All of it won't go to them most of it will stay in the trust. My H had a house that he sold and he bought a beach house. That is in his name. All his assets go to his kids, he does not have a trust. We have a joint account that pays for utilities, and food. Otherwise, there are not joint bills. We each put a set amount into that account. We also use that account to pay for flights/hotels/etc. I pay for my kids college, he pays for his kids college. My kids are on my health insurance, his kids are on his. We have decided to pay for each of our kids weddings out of our own funds because he has girls and I don't. Also, I had very small weddings so I'd really be insane about big wedding, but we don't' have to worry about that because those decision are not mine to make. [/quote]
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