Reply to Inheritance rights for adopted grandchildren

Forum Index » Adult Children

Reply to "Inheritance rights for adopted grandchildren "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I got married four years ago to a man with three young children and now we have one together. My parents provide annual gifts to all four children and treat them like their grandchildren. Their will doesn’t include any grandchildren, just their own children. My will includes all four children. If my stepchildren were young adults it could well be different. [/quote]

What happened to the biological mother and her side of the family? You may think this is fine now but down the line it may cause issues.  Three children have 6 grandparents if all are still alive (4 biological plus your 2 parents), and one child has only 4. When your stepchildren are teens they may not see you in the same way if their biological mother is around.  You may suddenly decide to divorce. If you suddenly die your biological child only gets 1/4 of your estate.

It would be much different if you have legally adopted the three children.  Your parents should be putting the money they gift away in a trust. If you stay married and stay involved in your stepchildren's lives then when they are adults they can have the money, but right now it seem pretty messed up that you are sacrificing your only child's financial future for kids that may not be in your life later on since there is at least a 1/3 chance you aren't married to the stepchildren's father in a few years. I would imagine your siblings are actually not so happy your parens are giving annual gifts to the three kids because the cousins could have ended up with more money. [/quote]

I agree you have to be very careful with biological and new second marriages and stepchildren.  Also if she dies and her husband inherits her entire estate, it could wind up with his 3 kids eventually and none to her 1. Have a lawyer set this up right. They do it all the time to cover the various scenarios. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics