Reply to For those of you whose parents divorced when you were 20+, if one of your parents started a second

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]All these 2nd wives have no idea that if they die 1st their money will go to the adult children from his 1st marriage and only a portion will go to their own child.[/quote]

Why would you assume that?[/quote]

so you are cool with your retirement going to his kids if you die early due to cancer. All that money goes to your H, then passes to all his heirs.

That is what you want for your child? To share the money you earned your whole life to go to kids from his 1st marriage?[/quote]

I have an estate plan. 66% goes into a self executing trust for my kids and 33% goes to my spouse. I sought legal help before we ever got married. My brother not my spouse is the executor of my trust for my kids.  DH pays for our lifestyle though I also work. If he was saddled with lifetime alimony I never would have married him. If he stops being an attentive husband and father I’m out. [/quote]

So your money goes to your kids and his money goes to all his kids.

That is exactly what people are saying.

The adult children should still get a portion of the h’s inheritance.

So if he dies, he did the same 66% goes to the kids and 30% to you?[/quote]

I assume if he dies in that scenario the 66% would be divided among all his kids from both marriages, plus I would hope it would be less than 66% as we have young kids I need to raise and put through college. No matter what he does, I’ll be okay as I save all my earned income between my 401k, kids college accounts, and my brokerage account.  It has to be this way. I have young kids and marrying him was a big risk. [/quote]

You should have a life insurance policy to help raise your children. Have you not done that?[/quote]

Sure but it’s something he controls. I control my income and I save it.  It doesn’t matter that much in the scheme of things as he has plenty and can afford to fund our entire lifestyle and he does.  I work for peace of mind. [/quote]

So we agree his kids should get even amount of money should he die.[/quote]

Why do you think kids are entitled to inheritance?  Get a job and earn your own money.[/quote]

You’re dead. Who do you think should get the money when he dies after you? The cat? A church? Only your kid?[/quote]

Who knows who will die first or even if there will be any money?  But, yes, our kids.  If they are the ones taking care of us in our old age, they deserve it.[/quote]

THE CAT.  Bonjour Choupette je t’adore[/quote]

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