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-   -   Getting married later in life (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/getting-married-later-life-318550/)

Spsmith444 04-12-2021 10:32 AM

Does your husband have children? Might he re-marriage? That is a slippery slope. Went through this once and it was a mess. I would give him 120 days to move if you were to pass before him. Sorry for being negative but sh$$ happens in situations just like yours.

Debfrommaine 04-12-2021 10:47 AM

Quote:

Originally Posted by Mmhrdh0529 (Post 1929099)
Yes, a friend of mine had this happen to her. Her mom passed relatively young 55-60 and the problem was her step dad didn’t have the money or chose not to keep the home repairs up. Since he lived in the house for a long time it was a problem. I don’t know if you can set up a fund to see that the house is properly maintained or a clause in the trust?

To my same point previous thread, new wife gets access to the money to keep up the home any way she wishes. Good for her, sad for the kids. When we asked my dad about the arrangement his reply was "it's just easier"....he did not do well with conflict.

tvbound 04-12-2021 11:49 AM

Inheritances, particularly when 'step-relatives' are involved, are notorious for bringing out the greed in people. It should be up to the deceased parent to decide how he/she wants their surviving spouse to be taken care of, not any potential inheritors (re: children) trying to maximize their portion of their late parents estate. Establish a trust and don't depend on just a will.

Sudokukid 04-12-2021 12:41 PM

Creating a revocable trust and putting your assets into it will solve your problem and save your heir(s) the grief of dealing with FL probate, which can take 2 years or more before your estate is settled. You can make your daughter a co-trustee with you during your life and the sustaining trustee upon your death. You can stipulate in the trust that your husband has use of your assets, but not control over them, upon your death leaving the administration of your estate in the hands of your daughter. You should get advice and assistance from a qualified law firm specializing in Elder Law Planning.

Dot Rheinhardt 04-12-2021 01:32 PM

You can do a life estate. Your attorney can set it up.

manaboutown 04-12-2021 06:41 PM

Each situation is different. Obviously legal instruments such as trusts and wills can be used. A home can also be re-deeded to one's children subject to a surviving spouse's life estate. The relationships among and characters of the various parties, their financial and marital states and other factors come into play. It is best to use an estate attorney with experience in this type of conundrum as it can be nettlesome.

NAB20 04-13-2021 01:15 PM

Quote:

Originally Posted by b0bd0herty (Post 1929106)
You don't trust your husband to leave it to your daughter if you pass first? If you do, put it in his will also.

He can easily change his will at any time after the OP passes.


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