Im 53 and ex 50.How old are both of you?
Right now just take the 2X and put that in a trust for your kids if you want so you are covered on your end. Your ex can do whatever she wants with her money as it seems she worked had and saved as well.
Im 53 and ex 50.How old are both of you?
Right now just take the 2X and put that in a trust for your kids if you want so you are covered on your end. Your ex can do whatever she wants with her money as it seems she worked had and saved as well.
Thanks for the adviceI think you were on the right track with using a trust, but it sounds like you were asking her to part with some of her money now by using an irrevocable trust in favor of the kids. I would suggest trying to convince her to put ALL the targeted wealth into a revocable trust with her as the trustee. This way she does not "give up" any of her money now. There is no gift. But if she dies, the trust becomes irrevocable and the successor trustee would have to manage trust funds according to the trust instrument. That trust instrument would name your kids as beneficiary. I think this would accomplish what you want but would allow the ex-wife to feel secure that she still has all her money to use however she sees fit while she is still alive.
Of course, you could also use a revocable trust to protect your assets from probate if and when you die....
^^^^^^^^^im confused... its not your money anymore
You should have taken care of that during the divorce. Horse, barn door, and all that.Agreed but I'm hoping some of it or most go our kids when everything is over vs. dead beat spending it down or his kids getting it.
No offense, but it's her money now. I know you know that, but what I mean is...if this dude who you think is a loser (whether that's true or not) makes your ex-wife happy for the next 30+ years, maybe she does think he "deserves" some of her leftover wealth. Who knows. Now, she says she got a pre-nup, so it at least protects (I'd assume) her assets if they divorce. But if they live a happy life and she dies? It's not really your place to say it should all go to your kids.Not really. I even offered to put 2x what she put in. We (ex and I) worked hard our entire lives and I think it belongs with our kids vs someone that doesn’t deserve any of it. Besides trusts help preserve financial assets for the next generation. Stay classy....
This is correct answer.No offense, but it's her money now. I know you know that, but what I mean is...if this dude who you think is a loser (whether that's true or not) makes your ex-wife happy for the next 30+ years, maybe she does think he "deserves" some of her leftover wealth. Who knows. Now, she says she got a pre-nup, so it at least protects (I'd assume) her assets if they divorce. But if they live a happy life and she dies? It's not really your place to say it should all go to your kids.
Now I believe you when you say you have a good read on this guy. I'm just looking at it from her POV. Your kids are in their early 20's and it sounds like they've been setup to succeed. She may not believe she has a duty to leave them everything.
Only if I could foresee the future like you.You should have taken care of that during the divorce. Horse, barn door, and all that.
I'm a divorce attorney. I help my clients make provisions for taking care of the children's financial futures just about every day.Only if I could foresee the future like you.
Emotions are raw during the divorce and no one could predict she would re-marry. Let alone someone that brings zero assets to the table.I'm a divorce attorney. I help my clients make provisions for taking care of the children's financial futures just about every day.
You're kidding, right?Emotions are raw during the divorce and no one could predict she would re-marry. Let alone someone that brings zero assets to the table.
Emotions are raw during the divorce and no one could predict she would re-marry. Let alone someone that brings zero assets to the table.
Actually, a lot of people could predict it.Emotions are raw during the divorce and no one could predict she would re-marry. Let alone someone that brings zero assets to the table.
What’s the point of re-marrying?. Just call it a commitmentShe's 50. No one could predict she might re-marry?
Not trying to give you a hard time, just don't see how that statement could be true.
I don’t plan to re-marry...Actually, a lot of people could predict it.
Well there you have it. You don't plan to remarry, therefore it is unfathomable someone else might think differently.I don’t plan to re-marry...
And you prioritize leaving a trust for your kids, while your ex-wife doesn't.I don’t plan to re-marry...
What’s the point to remarry at this point in our life?Well there you have it. You don't plan to remarry, therefore it is unfathomable someone else might think differently.
Not cool. Are you trying to be funny or just an #####?Hell your ex-wife got a head start before she was even single.
Even if I meet someone I have no plan to remarry.And you prioritize leaving a trust for your kids, while your ex-wife doesn't.
Not surprised that two people who got divorced don't have the same priorities and don't agree on the big picture stuff. That's usually part of the deal when it comes to divorce.
But you are only early 50's. You have no earthly idea if you'll meet someone you'd marry over the next few decades. Hell your ex-wife got a head start before she was even single.
Yeah that's not necessaryNot cool. Are you trying to be funny or just an #####?
Neither. Maybe I worded that a little cavalierly, for which I apologize. Just a fact that he's surprised his ex-wife remarried when she was with someone else already. Can't be shocking.Not cool. Are you trying to be funny or just an #####?
To spend your kids' inheritance.What’s the point to remarry at this point in our life?
famous last words. Everyone says they won't get re-married after a divorce. Most of them do.Even if I meet someone I have no plan to remarry.
There is absolutely no financial reason to get marry again. What does a marriage certificate prove?famous last words. Everyone says they won't get re-married after a divorce. Most of them do.
Agree. But most guys who I’ve heard say the exact same thing end up re-married.There is absolutely no financial reason to get marry again. What does a marriage certificate prove?
When I got divorced I thought I would never remarry. Then I went to China to get some strange and wound up meeting the woman who would become my second wife. We had to get married to get her green card. Did the 90-day bride thing.There is absolutely no financial reason to get marry again. What does a marriage certificate prove?
I’m not a billionaire nor am I that desperate for a new kitty. If someone really loves you then there’s no reason for marriage. Stop the insanity guys.Agree. But most guys who I’ve heard say the exact same thing end up re-married.
Look at divorced billionaires. They almost always end up remarried and they have a ton to lose.
Guys can’t resist good kitty and will sacrifice everything to keep it.
That’s a different situation but very risky. Hope it worked out for you.When I got divorced I thought I would never remarry. Then I went to China to get some strange and wound up meeting the woman who would become my second wife. We had to get married to get her green card. Did the 90-day bride thing.
9 years so far.That’s a different situation but very risky. Hope it worked out for you.
your logic is sound, but there is a good chance your #### will betray you in the future.I’m not a billionaire nor am I that desperate for a new kitty. If someone really loves you then there’s no reason for marriage. Stop the insanity guys.
What did it prove the first time you did it? People do get married for reasons that aren't financial.There is absolutely no financial reason to get marry again. What does a marriage certificate prove?
You find someone you love and trust, to whom you want to make a commitment?What’s the point to remarry at this point in our life?
I hope that's not the only reason you believe people get married.There is absolutely no financial reason to get marry again. What does a marriage certificate prove?
While I partially agree with the bolded, it's pretty sad that you seem to have distilled marriage to a financial decision.I’m not a billionaire nor am I that desperate for a new kitty. If someone really loves you then there’s no reason for marriage. Stop the insanity guys.
weren't you married long enough to realize men and women's wants are usually polar opposites? You may not want to get married again, but you are also citing things like finance and 'just a piece of paper' etc. Most women want commitment, stability, the excitement of being the focus of attention (even if its just for a day). Dude, I know plenty of divorced women and men who got remarried.I’m not a billionaire nor am I that desperate for a new kitty. If someone really loves you then there’s no reason for marriage. Stop the insanity guys.
It proves something to the Big Guy in the sky, Fella. Unless you plan on being celibate for the remainder of your life you better plan on a trip to the chapel or your soul is toast.There is absolutely no financial reason to get marry again. What does a marriage certificate prove?
Marriage is rarely about financial reasonsThere is absolutely no financial reason to get marry again. What does a marriage certificate prove?
Its a poor financial decision. That's why its a bad idea.While I partially agree with the bolded, it's pretty sad that you seem to have distilled marriage to a financial decision.
I don't get why people without kids get married.Marriage is rarely about financial reasons
My brother in law said if anything ever happened to my sister he'd have to re-marry just to be functional. Said he'd marry someone like Nell Carter from that 80's sitcom. No way he'd be able to keep up with the kids.famous last words. Everyone says they won't get re-married after a divorce. Most of them do.
I gained a damned-good pension.stlrams said:Its a poor financial decision. That's why its a bad idea.