Reply to elderly father remarrying and inheritance question

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't understand why everyone is getting so up in arms with OP ?

She asked a reasonable question. She's not trying to make a grab for an inheritance, she's not trying to steal anyone's portion. She's trying to put together her thoughts and she's asking for perspectives from this anonymous community.

OP, you never know what the future might bring. Fortunes disappear. Sources of income dry up. A child develops mental health issues when they reach young adulthood, requiring a lot of resources. You never know what the future will bring.

It sounds as if your father is marrying someone who has her own funds and is financially comfortable. If I were in your shoes, I would suggest your FIL set up one of those trusts where new MIL will draw a set amount of funds for the remainder of her life, with the estate going to your DH, his sister and the grandchildren upon the death of new MIL.

It's nice that you don't need the money. You can always decide what to do with the inheritance when you receive it, or who knows, circumstances can change and you may find the funds helpful when the time comes. It can be used to help set up your kids in paid-for homes, for example.[/quote]

Did you read the post. It's Op's father in law. It's not her father.

Some of yall dont read and it shows.

Her husband should be the one making the post. Not her. WTF????

Her husband's inheritance is not even hers.

It's funny, on this forum, women are always advising other women not to comingle their inheritance with their husband and then you see Op who is planning how to tell her father inlaw what to do with his money, WTF????

It's not hers!
[/quote]

Or maybe they just have a healthy marriage and relationship with their families?  Both my parents and my ILs are very forthcoming with their plans for their estates which is shared with their children and DILs/SILs.  My DH and I make financial decisions together so of course we would be involved in discussing inheritance issues related to our respective families.  Same is true with my BILs/SILs.  My parents ask DH and I attend their yearly meeting with their financial adviser.  Only my name is listed as their heir/beneficiary but he is very much in the loop about what the plans are and actually looks at the statements and paperwork that get sent to us.  DCUM just can not handle families that are open and honest about managing financial matters.

To answer OP's original question her FIL needs to meet with a lawyer and decide on whether a prenup is appropriate and what kind of changes he needs to make to his will and associated assets.  In most states a spouse will be entitled to a certain percentage of the estate no matter what the will says so he should consider whether this is appropriate.  If not, he should consider moving assets into a trust to benefit his kids/grandkids so the assets are not part of his estate.  [/quote]

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