Reply to Pros and Cons of Putting House in Trust

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[quote=Anonymous][quote=Anonymous]Op, you are doing the right thing. Put the house in a trust for your children together. Ignore these harping ninnies - they do not understand that the finances & dynamics of step families are fundamentally different. 
- Person in similar boat[/quote]

+1, we did our will and divided it.  Any money in my name went directly to our children.  Then his were divided between the kids, with all the money going to raise the minor children then to be split (reality is there would be very little money left).  His kids are now adults and ours are still very young.  Child support is long over and he doesn't have a relationship with them.  Eventually we will leave it all to our kids.  These kids have two parents.  If dad dies, they will get social security and still have mom to care for them.  You need to protect your kids and they are not entitled to your funds.  If you are putting the downpayment and paying the mortgage, I'd just put the house in your name only to make sure its not an issue.  Then make a will leaving the house to the kids with your husband retaining rights to live in it.  I am not sure why stepmom is expected to equally support her kids.  [/quote]

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