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[quote=Anonymous][quote=Anonymous]DH and I will be buying a home soon but I will be putting down the downpayment and paying the mortgage for the foreseeable future as DH cannot afford to contribute.  He has two children from a previous marriage will need to pay child support for at least 10 more years.  We also have two children together.  I would like this house to go to our children together when we die.  Spoke to a lawyer who suggested that I put the house only in my name or put it in a trust.  What are the pros and cons of putting it in a trust?  He explained that when I want to refinance, I'd need to pay to take it out of the trust temporarily and put back in.

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 have a similar marital situation - married 19 years.   I have two step kids (whom I love dearly), and we have two children together.  We paid for both college educations, along with child support of course - for 15 years.

I brought $120K in downpayment to the relationship from a home I purchased about 5 years before we met.  As far as I am concerned that money is technically mine. Had it not been for my $120K, we would have never been able to buy our next home which we sold two years later and made $400K.

On the flip side, DH makes 4 times what I make so had it not been for his income we would have never been able to buy that next house.

Point is, we have never been a household that splits finances. What's mine is his and what's his is mine.  Also, I've been his kids' stepmom for 19 years.  Our children are their half-siblings.  They're a big part of our lives, although they never actually lived with us. When we pass away, I do expect that our assets will be split evenly amongst all of 4 of them.

If I married DH after his children were grown this scenario would have played out differently.  I would be careful to make sure that our marital assets went solely to our children and whatever he had before we got married would go solely to his children.[/quote]

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