Getting married later in life Getting married later in life - Page 4 - Talk of The Villages Florida

Getting married later in life

Closed Thread
Thread Tools
  #46  
Old 04-12-2021, 10:32 AM
Spsmith444 Spsmith444 is offline
Member
Join Date: Jul 2018
Posts: 75
Thanks: 58
Thanked 15 Times in 12 Posts
Default

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.
  #47  
Old 04-12-2021, 10:47 AM
Debfrommaine Debfrommaine is offline
Gold member
Join Date: May 2010
Posts: 1,431
Thanks: 13
Thanked 543 Times in 198 Posts
Default

Quote:
Originally Posted by Mmhrdh0529 View Post
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.
  #48  
Old 04-12-2021, 11:49 AM
tvbound tvbound is offline
Gold member
Join Date: May 2020
Posts: 1,070
Thanks: 1,934
Thanked 1,708 Times in 557 Posts
Default

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.
  #49  
Old 04-12-2021, 12:41 PM
Sudokukid Sudokukid is offline
Junior Member
Join Date: Oct 2014
Location: Xanadu Loop
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
Default

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.
  #50  
Old 04-12-2021, 01:32 PM
Dot Rheinhardt Dot Rheinhardt is offline
Member
Join Date: Jun 2016
Posts: 57
Thanks: 0
Thanked 23 Times in 16 Posts
Default

You can do a life estate. Your attorney can set it up.
  #51  
Old 04-12-2021, 06:41 PM
manaboutown manaboutown is offline
Sage
Join Date: Aug 2009
Location: NJ, NM, SC, PA, DC, MD, VA, NY, CA, ID and finally FL.
Posts: 7,870
Thanks: 14,320
Thanked 5,108 Times in 1,955 Posts
Default

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.
__________________
"No one is more hated than he who speaks the truth." Plato

“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
  #52  
Old 04-13-2021, 01:15 PM
NAB20 NAB20 is offline
Member
Join Date: Aug 2020
Location: Village of Fernandina
Posts: 54
Thanks: 3
Thanked 17 Times in 11 Posts
Default

Quote:
Originally Posted by b0bd0herty View Post
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.
Closed Thread

Tags
house, google, wanted, post, passes


You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 12:56 PM.