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Reply to "This is super common right in inheritances....? Spinoff. "
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[quote=Anonymous][quote=Anonymous]This is why married people should take note. Put your assets in a trust to benefit your spouse, then kids when spouse dies. Then even if one remarries, they can’t cut they first kids out. With a 50% divorce rate, it’s naive to think it could never happen to your marriage.[/quote] My friend’s dad did this. Before he died, all of the adult kids vacationed together, did holidays together, etc. He also made annual gifts to his and her kids. He told her he wanted her to continue this practice after he died but it isn’t in writing. Wife can deplete principal in trust if she needs it so she can deplete it and transfer it to her kids so there will not be as much left for his kids. The trustee is one of her closest friends. She no longer invites his kids and grandkids over to her house so the kids lost a grandpa and a grandma. [/quote]
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