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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][b]Put all of your share of the assets into a trust[/b]. You leave directions on how you want your trust allocated. You may choose to make provisions for your husband AND your children. As opposed to giving it all to him and you don't know what he or his next wife will do.[/quote] How specific does this need to get? In our case, outside of retirement accounts and primary residence, we have about $4.5, most of which is in DH's name or the name, say $4M. How would I identify my share? A generic 'half of all accounts' type language or do I have to liquidate or transfer specific assets (that are currently in DH's name) into the newly created Trust? How will this be accomplished without pissing off DH assuming he's not in agreement? I can see this being worth it if you have 10s of millions (in which case the other spouse may actually think it's a good idea and the costs may be worth it) or the money was inherited by one of the parties.[/quote]
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