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Reply to "How to Keep Inheritance Separate"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'd like to keep this separate from marital assets so that it will go to my parent's grandchildren (my children with my spouse), NOT to any potential future spouse of my partner or children of my partner and a future spouse, should I die and my partner remarries and has future children.[/quote] Not wanting the assets to go to the partner's step children seems reasonable, but not wanting the money to go to your partner's future children seems pretty awful.[/quote] No mother wants her parents' assets to go to her partner's future children and dilute what is available to her own children. No parent wants their legacy to go to their children's spouses' future children rather than their grandchildren. It sounds like you are approaching this from the perspective of the poorer spouse rather than that of a donor. [/quote] Nope, I am approaching it from the perspective that my partner is going to treat our children exactly the same as their future children, as they are all their children. I also believe my partner will treat their children differently from their step children. That means that even if my inheritance is in a trust for my children, my partner is going to spend money in a way that balances that out, to an extent. I trust my partner to keep the best interest in mind for our children. I have no trust that the future spouse will care about the best interest of my children.[/quote] NP- I've seen this over and over again. Men only care about the children of the woman they're with. Their children often become estranged when they don't like the new stepwife, which later plays into how he writes his will. OR He dies first before the new stepwife and she gets everything, as is usual for wives to inherit the husband's entire estate. Children usually don't get inheritance until both married partners die. And then the stepwife changes her own will so that only her children inherit. This second scenario is how my parent was completely disinherited from even their own grandparent's money. It all went to a step mom and then to her kids.[/quote]
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