When I got divorced I realized that I had a dilemma about how to provide for my sons if something were to happen to me. I didn’t want the money to go straight to them because then my ex-husband might somehow get control of it. They were too young to leave it to them directly. I figured my sister was the best bet.
From what I understand, if you leave your house, your life insurance, etc. to someone who is married, then that inheritance is protected in the event of a divorce. My life insurance is a term life insurance policy that I think I’ll drop as soon as the boys are in college, but I didn’t even leave that to my spouse! If we have kids together, then that might change, but all of my big things are things I acquired when my mother died, and I’m guess I’m just practicing protocol in assuming it’s all mine and not under the realm of community property. And my sister’s a good choice since it was her mother’s stuff, too. I do trust my sister. She can be an executrix and distribute the money to my sons when they come of age. But if I left it to my husband, he might remarry and who knows what it would necessarily be used for?
5 users commented in " I Left My Stuff to My Sister Instead of My Kids or Spouse "
Follow-up comment rss or Leave a TrackbackI actually did the same thing, except I’d be leaving everything to my brother. My ex-wife is a spiteful succubus who would only use my money to rent a bulldozer to knock over my grave.
Interesting. I’m not too familiar with term life insurance plans, but it might be something to seriously consider as my wallet grows smaller and smaller.
Oh, “executrix.” Now that is a nice word. It almost sounds like some kind of kinky, gothic porn movie. Or maybe there is something a little wrong with me…
Hmm. I’d like to think I can trust my family with anything (ex-spouses or not), and when it comes to money, love and trust should come before all else.
You’re not even leaving anything to your current spouse? You’ve got some serious trust issues, man. Or woman. My point is, if you can’t trust the people who you love the most with money, who can you trust?
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