Marital Trusts: When the Step Parent Controls Your Inheritances
Let me guess. You don’t get along with your stepparent or your stepchild. You don’t like your mom or dad’s latest spouse, or maybe you are the latest spouse, and you don’t like your spouse’s children from a prior marriage or relationship. What can you do? Well, one of the things you need to think about is these marital trusts. The state planning attorneys in Florida will create marital trusts that benefit the latest spouse, and then when he or she passes along, the kids from the first relationship inherit the property. This can often be a difficult financial situation for people who don’t get along to begin with. They end up fighting over money. Usually, this starts when that first spouse dies.