Sunday, April 24, 2016

One of the Problems We see at the Law Office

How to make your kids hate their new step parent

You have loved your spouse for many years, but now you are alone in the world.  Or you were until you found another whose life experiences are similar and who now adds immeasurably to your happiness and who brings a beautiful new dimension to your life.  Your children say they only want you to be happy.  But they seem to not like your new love.  How can they possibly see things so differently?

Maybe your children know something you do not.  Maybe they know the law of Descent and Distribution in Nebraska.

As the sole surviving parent, your children will inherit everything you own when you die, or if you have a will, then everything your will gives them, and every account or investment on which you have named them as beneficiaries.   But if you marry, then your new spouse will be entitled at your death to the first $52,500 of your assets plus at least half of everything else you have left after paying your debts and funeral costs.
Prenuptial agreements are useful and in many cases do accomplish their purpose.  But it is difficult to talk so frankly and so objectively with the one you hope will share your most intimate details for the rest of your life.  So what alternatives are there?

You should spend some time with your friendly local attorney.  There are certain things that can be done that will protect your children and which will not require the approval of your prospective spouse.  The changes do not have to be expensive.  Your attorney should talk about life estates, irrevocable trusts, life insurance policies, and incorporation.

So, to help your children feel comfortable with your new spouse, talk to your attorney before the wedding.

Witte Law Office
6125 Havelock Ave
Lincoln, NE 8507
402-467-5080

#law #attorney #wills #trusts #estateplanning #Probate


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