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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Everything joint. I have 3 kids from first marriage. DH has none. I have life insurance with my kids as beneficiaries that will go into a trust with my parents managing the trust. Once my kids are out of college, I’ll reevaluate the life insurance.

For DH and me, all our income, savings, investments, and real estate are in both our names. When either of us dies, it all goes to the other.

I don’t find this to be complicated at all and it seems weird to not partner because of finances. DH and I both make relatively similar salaries and come to the relationship with similar assets. [/quote]

This all works out great unless you pre-decease him.[/quote]

No. If I predecease him, the life insurance goes into a trust managed by my parents. The kids would go full time to their bio father. DH would get the rest of my resource. If I was married to bio dad, all my resources would go to bio dad. [/quote]

Who manages the trust when your parents die?
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My parents are healthy. Oldest kid is almost 18. He would be the manger of the trust if my parents are unable. I already have separate college funds for each kid. Not sure why they would need more than what I planned. [/quote]

I wound rethink that. You can hire a lawyer/trust company to manage it.

I don’t turn much over until the kids are 32, 18 years s way too young.[/quote]

We've had a lot of issues with professional outsiders managing trusts.  They really care nothing about the beneficiary and are only in it for the money.
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