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Money and Finances
Reply to "Remarried -- how best to structure my will/trust for my adult children."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Do NOT add that woman to the title of the house you want to leave to your children. What you want to leave her is called a life estate which is the right to reside at a house un disturbed for the duration of her lifetime. No matter what she is smiling and telling you to your face now, assume all that will change and she will not even acknowledge your children after your death. Plan accordingly [/quote] Both of these things happened to my Dad. The life estate, which was a good idea, and my stepmother’s lawyer quickly declined so we could sell it. And her lawyer declined it because she had stopped speaking to us merely months after he died for reasons that she never explained.[/quote] This is so common. Even in families where there is bragging about how "they are just like my own kids." Bottom line, 95% of the time step parents resent the step kids. If not 99% of the time. It is especially bad if they have their own kids. [/quote]
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