Reply to How to ensure my kids inherit my money if my husband remarried and died?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I’d trust my DH to ensure our children were cared for. I think it’s much more important to worry about this after divorce with possible remarriages on the horizon. But death I guess is possible too.

But we don’t have millions, so if I died I’d want DH to have access to all of it to make sure the kids could be provided for. I guess if I was going to get a a big inheritance I’d maybe put that in a trust on my death to go to my kids. But. I trust my DH with this. [/quote]

Fathers almost never protect their adult kids financially when a new spouse comes into the picture.  They might put trusts in place, but they are easily accessed by the new wife.  [/quote]

A man wants to teach his kids how to fish. If they learn, great! If they don't, oh well, they are adults and will figure it out. Mothers, otoh, want to feed their kids fish throughout the kids' lives. That mindset difference manifests in different ways including the one you describe. [/quote]

And that's fine if he only feeds his new wife his half of the fish.[/quote]

What if he was the high earner during the marriage? Say they got married at 25, he worked his ass off, made millions while she worked a good job, took time off for kids, etc and they end up in a situation (at 55) where savings/investments titled in his name are, say $ 5mil and those in her name are $1mil (let's ignore 401K and house for now). In what world will a husband (or a wife for that matter) want to give up control of $2mil just so the other spouse feels happy that their adult kids get an inheritance at the expense of giving up control of money he may well need in his 90s? What are the wife's options, then? Go to court and file for a divorce over a hypothetical 'what if I die first' scenario?  :roll:   I can fully understand how this situation would not be an issue if their savings were, say double what it is now. I can see him transferring $2m to the new trust and he still has more than enough 'just in case' money. [/quote]

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