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Eldercare
Reply to "Widowed dad wants to date again"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Tell him dating and cohabitating is fine but don't get married. Check on wills/trusts and [b]if he does get married insist on a pre-nup. [/b] [/quote] It's not the adult child's prerogative. It's the Dad's decision to make. My Dh's dad got engaged just a few months after Dh's mom died. Dh's sister tried to insist that FIL get a prenup but FIL refused. Nothing his adult kids could do about it.[/quote] Sort of disagree. A lot of the time it was half their former wife’s money. And the dead wife wanted money to go to kids once he passed. Instead new younger wife usually gets it all and wills it to only her children once she dies. [/quote] Sort of disagree? It's not about opinion, it's a fact. OP has no legal right to "insist" on any legal matters for her Dad, since he is still of sound mind and she does not have any type of guardianship over him. My MIL actually told FIL on her deathbed that she didn't want him to remarry because she "didn't want someone else to enjoy the money she had worked so hard for." Yet, he was engaged less than 4 months later.[/quote] This is why my assets are going into a trust for our kids if I predecease DH. I want him to be happy and remarry, if that's what he wants, but I also don't want money to be diverted away from our children.[/quote] We’ve done the same thing. If either of us dies, half the marital estate goes immediately into an irrevocable trust that benefits the kids. Now, we are both the trustees, but my kids are old enough now to know they are beneficiaries and so if for some reason one of us loses our marbles and gets taken advantage by a gold digger in old age, the kids have legal ground to challenge. [/quote] Not sure how this works if your estate isn’t more than twice the size needed by the surviving spouse (and of course they may well need more if they remarry someone without their own wealth/income). Does the trust have a fixed monthly payout to the surviving spouse? That can create a tension if it’s too big or too small.[/quote]
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