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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Everything joint. I have 3 kids from first marriage. DH has none. I have life insurance with my kids as beneficiaries that will go into a trust with my parents managing the trust. Once my kids are out of college, I’ll reevaluate the life insurance.

For DH and me, all our income, savings, investments, and real estate are in both our names. When either of us dies, it all goes to the other.

I don’t find this to be complicated at all and it seems weird to not partner because of finances. DH and I both make relatively similar salaries and come to the relationship with similar assets. [/quote]

This all works out great unless you pre-decease him.[/quote]

No. If I predecease him, the life insurance goes into a trust managed by my parents. The kids would go full time to their bio father. DH would get the rest of my resource. If I was married to bio dad, all my resources would go to bio dad. [/quote]

The bio dad would have incentive to leave them to his bio kids. Your DH does not.[/quote]

Yeah if you die tomorrow and your kids move out and your DH lives another 30 years, do you think your kids will get anything when he dies? if you want them to get more than your life insurance, you have to leave it to them. Also are your parents healthy enough to be the trustees? Who is the trustee if something happens to them? Is it your DH?[/quote]

+100. The pp's thinking is rather shortsighted. Given that parents generally predecease their children, having the parents as the trustees makes little sense. The pp's line of innocent thinking will inadvertently disinherit her kids.

My dad passed earlier this year, and [b]within 24 hours, his greedy wife was inquiring about the will, benefits, insurance, etc. He was 80 when he passed and had only been married to his wife for three years (foolish idea to marry so late). They never lived together, and none of their accounts comingled. Yet, she still somehow felt entitled.[/b] He left his entire estate to my two brothers and me. [/quote]

I mean ... she was his wife. Normally that means you are more than "entitled." This is why this remarriage-when-you-already-have-kids thing is just a recipe for disaster. [/quote]

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