I have 2 adult children. My husband doesnt have children. I married my second husband a year ago. I came in to the marriage with 4 times more money than him. I want to leave half of my investments to my children. They are listed as beneficiaries on these accounts. Will that suffice, or should I spell it out in a will too?
2007-10-05 07:48:39 · 18 answers · asked by mom55 2 in Family & Relationships ➔ Marriage & Divorce
You should draw up a will too because between now and then things could change- laws, etc. and you want to cover it in as much detail as possible to avoid and kind of dispute down the road.
2007-10-05 07:57:29 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Make sure you put it in your will. Having it spelled out in a will will be impossible for anyone else to challenge. Also, in the will, you can specifically spell out who is NOT included. That way no one can show up after you die and state that you promised them "x y and z". I have seen that happen and the court battle is so long that eventually there is nothing left to fight over! Have an attorney help you complete a will or there are will templates and even WillMaker computer programs.
2007-10-05 14:52:59 · answer #2 · answered by dropping bombs on your mom 4 · 0⤊ 0⤋
Go to the bank and set up trust accounts for your children in their names. With you still in control of the funds. You should see a lawyer now while you are able to think clearly. A will is good, but there are a lot of ways to leave money to the kids without having it taxed. Good Luck.
2007-10-05 14:52:52 · answer #3 · answered by FILE 4 · 0⤊ 0⤋
I wouldn't play with this. Beneficiaries should do, but you need to see an attorney who specializes in such things and have a will reflect your intentions. Most times (I'm not including named beneficiaries), everything goes to the spouse.
2007-10-05 14:53:03 · answer #4 · answered by Darby 7 · 0⤊ 0⤋
You need to contact an attorney and have a will drawn up as to how you want your assets divided. Any Good Lawyer should be able to do this for you.
2007-10-05 14:52:47 · answer #5 · answered by Phyllis C 5 · 0⤊ 0⤋
I would spell it out in a will too . or else there will be fighting amongst your kids and the new hubby . I would definately have a will set up that says that as well . good luck .
2007-10-05 14:51:29 · answer #6 · answered by Kate T. 7 · 0⤊ 0⤋
You must set up a trust, this is the only way to keep your new husband from probating a will.
2007-10-05 14:52:17 · answer #7 · answered by mscarriem 3 · 0⤊ 0⤋
You need to put itin a will. And whatever happens with this marriage, don't ever let it change your plans to take care of your other kids.
2007-10-05 14:52:01 · answer #8 · answered by Anonymous · 0⤊ 0⤋
It's called a will. Or you can do a living testament with any lawyer. And I recommend you doing this as soon as possible!!
2007-10-05 14:51:42 · answer #9 · answered by brittmullins 3 · 0⤊ 0⤋
You should spell out in a will definitely
2007-10-05 14:52:45 · answer #10 · answered by standard69 2 · 0⤊ 0⤋