My son's wife has 2 children from a previous marriage. They are in their 20's and won't get jobs. His wife is always catering to them. When I die and my son inherits some of my money, how can I or He stop her from getting his inheritance if he dies before she does, since she would be leaving it to her children when she dies. I don't want her kids to get the money that my husband & I worked hard for.
2007-09-13 09:07:37 · 16 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
You should consult a lawyer about setting up a trust that your estate would go to, and that would pay your son from the trust but be dispersed according to your wishes on his death.
2007-09-13 09:17:06 · answer #1 · answered by Anonymous · 11⤊ 1⤋
Please dont take offense! But you sound really too overly concerned about things well into the future. When you die ( I am assuming you are feeling it is iminently soon) You can leave your money to whom ever you wish. That is your right. Assuming you are a Hilton and you are leaving millions and millions to your son, you are expecting him to not spend a dime and die shortly after you to which he will leave to a wife whom he loves, assuming she hords that money and dies following him to the grave; the millions fall into the hands of children whom you should have accepted as step grandchildren.
In reality, I think the money is much less and your son who will miss you dearly probably will spend it on himself, his family or his own retirement. If he should live another 20+ years with the same woman as his wife she will have (earned) which is not a good use of a word, she will have been his wife for many years and saw him through not only the loss of his mother but perhaps his own illness. That is to say that you havent scared her off first or if she should die first.
Perhaps if you are a Hilton, she will devestate your dear son, break his heart and take half of his money and leave him now, before either of you shall die.
2007-09-13 09:26:12 · answer #2 · answered by meme 5 · 1⤊ 5⤋
The best was is to set up a trust account. So that your son would get a small amount each year. Then you can place a situlation in the trust that when your son dies the annual payment will be transferred over to a person that you can trust . Because it is your money, he couldn't change the trust structure, thus his spouse and kids couldn't touch it as well.
2007-09-13 09:19:51 · answer #3 · answered by iowawarlord 2 · 4⤊ 1⤋
Once you leave the money to your son its his to do as he pleases. You cannot attach strings to the money after it is his. If you want strings attached to it then it needs to be left to a trust that spells out how the money is to be given out and to who. You could potentially set it up that he receives a annual amount over a period of 25 years and if he dies then the remainder of the money goes to whoever else you designate as a beneficiary.
2007-09-13 10:03:50 · answer #4 · answered by Seano 4 · 2⤊ 0⤋
I think, While The House was Built by the Alfred Father, It is Definitely Belong to the Alfred. Without Paying any Rent and Illegally Occupied by the Therasa Father and Continue the BAD TRESSPASSING and Living by the Therasa is NOT Legally, and Philosophically Not Correct to the Therasa to Live There. Even, Leaving the House, It is Better for the Theresa Family, to Correcting Their Parents Bad Habits. So, It is Better for Therasa, to Get the Other Place to Live, BY HER OWN EARNING, and Leave the House to the OWNER, ALFRED.
2016-05-18 22:27:45 · answer #5 · answered by ? 3 · 0⤊ 0⤋
Speak with an attorney about placing a condition upon your son's inheritance rights, i.e.: "If my son dies prior to my daughter-in-law, his share of my inheritance shall revert back to my estate, and shared equally between the other beneficiaries of my will."
Certain will conditions must conform with the statutes in your state.
Again, contact an attorney.
2007-09-13 09:19:22 · answer #6 · answered by MenifeeManiac 7 · 8⤊ 2⤋
Any lawyer who does wills can set up a will or trust do exactly what you want. Call one in your neighborhood. No one here can help you.
2007-09-13 10:08:31 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Let it go. I doubt you'll care much when you die, anyways. If your son inherits it, it's up to him what he does with it.
2007-09-13 09:14:42 · answer #8 · answered by Anonymous · 6⤊ 1⤋
You could specify in your will. You could also write it in a post-nuptual agreement. Most people think pre-nups and post-nups are only written to prepare for divorce, but they can also be written for situations such as these. You could also set up an estate and name whomever you want as the heir.
2007-09-13 09:18:25 · answer #9 · answered by love 6 · 3⤊ 3⤋
Leave it to your son with the stipulation that if he has passed it goes to another beneficiary of your choosing.
2007-09-13 09:21:15 · answer #10 · answered by Candace C 5 · 0⤊ 3⤋