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[quote=Anonymous][quote=Anonymous]OP-- One reason I want a trust is to use it to "hold" the money I receive from my parents. If I die before DH, I don't want the new wife to get the money that I want to go to my children. The way to keep this money separate from married/joint funds is to keep it in a trust. DH is fine with this approach. It's common for men to remarry after their wives die and not to take care of protecting their children financially. Dementia can happen, etc. New wife does not need the money my parents worked so hard to save... [/quote] Yes this. It's to help protect your current family's assets. You may die and your DH remarries, and you want that money in the trust, not his new wife's divorce settlement. Or when he dies, straight into her account for HER kids. The trust is to protect your children.[/quote]
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