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Reply to "Pros and Cons of Putting House in Trust"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This sounds perfectly reasonable. I can't believe you're getting flamed for it.[/quote] If she had stated upfront that her SC are to be provided for and she just wants to make sure hers are as well, I believe the tone would have been different in the responses. When talking about mothers of sons leaving their jewelry (in another thread from a few weeks ago), people were savvy, sensitive, creative, and understanding. Like you, I don't see why that wouldn't be the case here. Leaving children 50% of everything is an Estate nightmare, if you have items of significant worth. They should be parceled out with care, balancing the value (sure, why not) but making distinctions among one's stuff is damn helpful after you're gone----otherwise, everything has to be sold or bartered among the beneficiaries (paintings, carpets, dishware, etc.)[/quote] For the record, in my original post I stated the following and still got flamed: Before people bash me for not wanting to also provide for my stepchildren, I am fine dividing our joint accounts and any future assets equally among all children, but since this home will be purchased using funds ($200k) I had before we were married, and I will be paying for the mortgage, I would like it to go to our children together.[/quote] I've always understood (and made the assumption) that income that is earned during a marriage belongs to a marriage. So while you may have some assets from before that go into a house, the mortgage payments coming out of marital income are going to belong to the marriage. This would be whether a husband earns more than a wife or vice versa. Anyway, it looks like you need to talk to a family/trusts/estates lawyer to sort this out.[/quote]
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