‘We are in a happier place now!’ My husband wrote a will when our marriage was in a bad place — now I want to write one too

Dear Moneyist,

My husband wrote a new will when our relationship was in bad shape. I do not know what is in this will, but it’s still current and in his brother’s possession.

The good news: We are in a happier place now! However, I would like to write my own will. Before I do that, I have a few questions:

1. My husband is the beneficiary on my life-insurance policy. I would now like to split this 50/50 between him and my daughter. Would I have to change the policy?

2. I do not want him to sell any of the assets in my name so he can benefit from them, as I want to make sure they are secure for my daughter’s future. Can I specify this in my will?

3. I would like to leave my 401(k) and IRA accounts to my daughter and husband, splitting them 50/50. Can I state this in my will too?

Curious Wife in Massachusetts

Also see: ‘My husband’s kids hate me and refused to come to our wedding, yet he is leaving them all his property.’ How can I negotiate to secure my future?

Dear Curious,

Let channel my inner “Dear Abby” before I go any further. It drives some of this column’s readers up a wall, but I just can’t help myself, and this column is just as much about relationships as money. So bear with me: If you are in a happier place in your marriage and you wish to remain so and/or find higher, more stable ground as you move ahead with your lives, I do have some suggestions.

Also see: As a baby boomer, I didn’t grow up with this culture of entitlement — do I have to leave my estate to my children or spouse?

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