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Reply to "Best use for 1.6 million inheritance "
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[quote=Anonymous][quote=Anonymous]So, what happens if assets are kept separate and the spouse who inherited dies first? Doesn't the money still get passed along to the surviving spouse unless a trust is created that says otherwise? What is usually done in this situation? I thought most people left everything to their surviving spouse. Is it common to skip the surviving spouse (who may theoretically remarry and spend all the money before it gets to the kids) and instead pass it straight onto their children? [/quote] There are a lot of variations here. I have a spouse that co-mingled his inheritance, however, if he dies half of our estate goes into a trust for our children (and visa-versa). This way, at least 1/2 of the estate goes into a trust for the kids upon the death of one spouse. In both of our families, mismanagement of assets as people age has been a much larger issue than divorce. [/quote]
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