Ask Experts Questions for FREE Help !
Ask
    merryanne's Avatar
    merryanne Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 24, 2011, 02:23 PM
    Ex spouse getting money from ex wife's family will?
    My mother is convinced that my ex husband will be able to get money from her will. I told her if she writes in the will that he doesn't get anything then he doesn't get anything. I also have two children 12 and 17 and she thinks he can claim the money because of them. My opinion is what ever she writes decides who gets what.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
    Expert
     
    #2

    Mar 24, 2011, 02:28 PM
    You are correct. Furthermore, he doesn't stand to inherit anything whether she has a will.

    Whether you children will inherit from her is another matter. If you fail to survive her, it is possible. But that would be their inheritance, not his.

    Does he have custody?

    If she is afraid that he would get the inheritance in behalf of the children, and perhaps mismanage it, she should set up a trust, to benefit the children, but with a trustee other than their father. She should pick someone she trusts to look out for her grandchildren.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #3

    Mar 24, 2011, 02:55 PM

    You are correct, she should not have to list him, but it will not hurt to name him and that he gets nothing,
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #4

    Mar 24, 2011, 05:12 PM

    There is a way he gets his hands on the money. If something happens to you and he gets custody of the kids that could give him access to their funds.

    So the answer is to set up a trust with a separate trustee that will manage the money until the kids are 21 when they get it.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Am I related to my step sisters husbands brothers wife's family? [ 5 Answers ]

My brother in laws wife's sisters son likes me, is it OK to date him?

Can I receive the home buyers credit if I bought the home from my wife's family [ 3 Answers ]

My wife an I bought a house belonging to my wife's parents and her uncle in may 2009 for full price of $75000. We obtained an HUD loan and now living in the house after fixing it up a little.We are first time home buyers making below $50000 per year with a disabled child and are going to file for...

Family non-repayment of money [ 3 Answers ]

Four years ago, I agreed to allow my son-in-law and daughter to transfer their credit card debt of $25,000. Onto my credit card with 1% interest because they promised to pay the bill within one year. Now, four years later, three of those years at 10.99% they still have not paid the bill. My...

Spouse caught stealing money [ 12 Answers ]

I am currently going through divorce and I finally received my wife's "Notice to Produce" documents and going through them I found that she has had a separate checking, saving and credit card account sent to her parents house that I was completely unaware of. The statements go back to 2006 it is...

TX - Borrowing money from family [ 2 Answers ]

I would like to borrow about 70% of the value of my 100% paid off condo. I have a homestead exemption on this property. My parents have the money to loan me and it will be a nice source of income for them also as I will pay market rates. My questions... Can I use one of these forms to...


View more questions Search