tangman99
Active Member
Originally Posted by PonieGirl
Thank you TangMan99..I follow you and concur 100%, until we get to the exclusion of children in the will. If I am going to invest in real property, my children will benefit from that investment. While it is not his responsibility to provide an inheritance for my children, I won't be excluding them. I can't even fathom that.
That is a valid consideration on his part, though.
It just makes me very sad for today and the future that things are so complicated.
I'm sorry. For some reason I got the idea that you wanted to protect the interest in the house from each others family. I never assumed you would not protect your kids interest in your will but it's reasonable to assume that if you are both paying for a house together that if one dies the other would get the house to protect their interest. I would not want to get into a situation where if one dies, the other may have to sell in order to settle interest in the house left to someone else. Understand what I'm saying? I would probably expect that if I was him.
Kids can be taken care of in other ways. My wife and I have a very complicate will setup because of my prior marriage and a child outside of ours. Don't get me wrong. She loves my son to death and he will be well taken care of if I die. I have everything setup through a trust that funnels down depending on who is still alive when I die. My son and the daughter we have together are specifically spelled out as to what they get as far as money, property and guardianship. My house and all joint accounts go to my wife. My son gets a percentage of my life insurance and so does my daughter. I have specifically stated one item of personal property for each of them that will be theirs to remember me. My son gets my Two Tone Gold Rolex Submariner watch and my daughter gets my hand build Alvarez Yairi classical guitar.
Thank you TangMan99..I follow you and concur 100%, until we get to the exclusion of children in the will. If I am going to invest in real property, my children will benefit from that investment. While it is not his responsibility to provide an inheritance for my children, I won't be excluding them. I can't even fathom that.
That is a valid consideration on his part, though.
It just makes me very sad for today and the future that things are so complicated.
I'm sorry. For some reason I got the idea that you wanted to protect the interest in the house from each others family. I never assumed you would not protect your kids interest in your will but it's reasonable to assume that if you are both paying for a house together that if one dies the other would get the house to protect their interest. I would not want to get into a situation where if one dies, the other may have to sell in order to settle interest in the house left to someone else. Understand what I'm saying? I would probably expect that if I was him.
Kids can be taken care of in other ways. My wife and I have a very complicate will setup because of my prior marriage and a child outside of ours. Don't get me wrong. She loves my son to death and he will be well taken care of if I die. I have everything setup through a trust that funnels down depending on who is still alive when I die. My son and the daughter we have together are specifically spelled out as to what they get as far as money, property and guardianship. My house and all joint accounts go to my wife. My son gets a percentage of my life insurance and so does my daughter. I have specifically stated one item of personal property for each of them that will be theirs to remember me. My son gets my Two Tone Gold Rolex Submariner watch and my daughter gets my hand build Alvarez Yairi classical guitar.
