PAUL👋 QUESTION: If you never "adopted" or had your 2nd husband's children live with you... Do you still have to "affirmatively" disinherit them... I guess I am asking, is there a requirement to "disinherit" stepchildren if you had never adopted them ⁉ 🙏 For another great video 💪 LOVE your old podcasts too ❤
what if talk to kids and spouse 33% daughter 33% son 34% miney in trust to spouse then when spouse dies 17% goes to your daughter's kids and 17% goes to your son's kids
What if the husband doesn't have kids and he married, the wife and the wife has kids and the husband doesn't want his money to go to his subchildren is not possible. Can he do that if the husband doesn't have kids and family?
Thank you for the info. One of my friends father set something like this up. He and his wife each had three children from previous marriages. When her father died, they were only allowed a few things of their fathers that their stepmother gave to them. Her children got pick of things. Thank goodness he set up the trust that she could not change anything otherwise I think that she would have changed it and left everything to her own kids. When the stepmother died, her children got first pick of things again including what the stepmother had kept of their fathers items. At least they got their share of the money.
Hi there, thank you for all your content. Would you be able to decider the meaning of this verbiage in a will I am PR over for my Uncle? All his siblings and sibling in laws are passed and he had no children. His wife passed 5 years ago. Please excuse the grammatical errors, this has been copied exactly how it was written in his will. Even stirpes was spelled as stripes. Everything was left to 3 siblings and 3 siblings in laws. ***"However, if any of the aforementioned should fail to survive me then I hereby direct that they share shall be divided between their issue per stripes."*** Since only nieces and nephews are alive (14 total) does the estate get evenly distributed between all the nieces and nephews..... Or does it get evenly divided between deceased siblings and then divided per their stirpes?" I am struggling with the way it is worded as well as the run on sentences.
Good stuff as always. So you are MISSING video related to this video. How does a prenup work related to a estate planning? It seems the prenup lawyers are not the estate lawyers. Can you give us the 10,000 foot to these concepts?
Please explain how I can have assets in the trust that don’t belong to my spouse. Because it’s my understanding that what’s mine is hers? I’m confused.
I'm fully aware of this exact thing. My grandmother's step kids where looking at trying to take my grandmother's estate for their selfs and to screw my family over. Well lucky her husband died first and all they got was his assets of what little there was. The biggest asset my grandmother had was her duplex which she owned long before she got married to him. They where a couple for decades before they actually got married because if she married before she turned 55 she would have lost my grandfather's death pension that she was living on for many decades as he died before any of us grandchildren where ever born. I dont know about now days but back in the 60s unions had it where if you died your spouse would get your full pension as if you had lived to full retirement age aka 55 but if you remarried before you your self turn 55 you lose it all. So my family turned a blind eye to her living in sin for the practical thing of her receiving our grandfather's pension.
Great advice! I need to find an estate, trust & will professional, just as good as you in my area! If you can make any referrals, let me know. Great videos, thank you Sir! 👍
Our national estate planning law firm website: aeplawyers.com/ To request a no-cost zoom estate planning design meeting: aeplaw.cliogrow.com/intake/7176090c4db516b907aa7ed491d9a8de
Sounds like you shouldn't have married that person.
Completely agree!
PAUL👋 QUESTION: If you never "adopted" or had your 2nd husband's children live with you... Do you still have to "affirmatively" disinherit them... I guess I am asking, is there a requirement to "disinherit" stepchildren if you had never adopted them ⁉ 🙏 For another great video 💪 LOVE your old podcasts too ❤
Not necessarily. Trusts allow you to bypass probate and that’s a good thing
what if talk to kids and spouse
33% daughter
33% son
34% miney in trust to spouse then when spouse dies 17% goes to your daughter's kids and 17% goes to your son's kids
What if the husband doesn't have kids and he married, the wife and the wife has kids and the husband doesn't want his money to go to his subchildren is not possible. Can he do that if the husband doesn't have kids and family?
We don’t have millions but still don’t want anyone taking things from my kids
Thank you for the info. One of my friends father set something like this up. He and his wife each had three children from previous marriages. When her father died, they were only allowed a few things of their fathers that their stepmother gave to them. Her children got pick of things. Thank goodness he set up the trust that she could not change anything otherwise I think that she would have changed it and left everything to her own kids. When the stepmother died, her children got first pick of things again including what the stepmother had kept of their fathers items. At least they got their share of the money.
Hi there, thank you for all your content. Would you be able to decider the meaning of this verbiage in a will I am PR over for my Uncle?
All his siblings and sibling in laws are passed and he had no children. His wife passed 5 years ago.
Please excuse the grammatical errors, this has been copied exactly how it was written in his will. Even stirpes was spelled as stripes.
Everything was left to 3 siblings and 3 siblings in laws.
***"However, if any of the aforementioned should fail to survive me then I hereby direct that they share shall be divided between their issue per stripes."***
Since only nieces and nephews are alive (14 total) does the estate get evenly distributed between all the nieces and nephews.....
Or does it get evenly divided between deceased siblings and then divided per their stirpes?"
I am struggling with the way it is worded as well as the run on sentences.
See how people are. 🙄 theres plenty to divide equally. Selfish- never accepted her children as his. Trustee issues sound like a fight for life.
One word: QTIP
Make 2 different trusts.
Separation of the future problems before they happen '$.
Great topic.
Good stuff as always. So you are MISSING video related to this video. How does a prenup work related to a estate planning? It seems the prenup lawyers are not the estate lawyers. Can you give us the 10,000 foot to these concepts?
Please explain how I can have assets in the trust that don’t belong to my spouse. Because it’s my understanding that what’s mine is hers? I’m confused.
I'm fully aware of this exact thing. My grandmother's step kids where looking at trying to take my grandmother's estate for their selfs and to screw my family over. Well lucky her husband died first and all they got was his assets of what little there was. The biggest asset my grandmother had was her duplex which she owned long before she got married to him. They where a couple for decades before they actually got married because if she married before she turned 55 she would have lost my grandfather's death pension that she was living on for many decades as he died before any of us grandchildren where ever born. I dont know about now days but back in the 60s unions had it where if you died your spouse would get your full pension as if you had lived to full retirement age aka 55 but if you remarried before you your self turn 55 you lose it all. So my family turned a blind eye to her living in sin for the practical thing of her receiving our grandfather's pension.
Very good info.
Great advice! I need to find an estate, trust & will professional, just as good as you in my area! If you can make any referrals, let me know. Great videos, thank you Sir! 👍
Our national estate planning law firm website: aeplawyers.com/
To request a no-cost zoom estate planning design meeting: aeplaw.cliogrow.com/intake/7176090c4db516b907aa7ed491d9a8de