Remarriage can destroy estates #assetprotectionplanning

6 Oct 2023 · 1 min

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0:49

In this advisory YouTube monologue, the speaker addresses primarily women, warning that if a wife is the first to die, her widower is statistically likely—61% according to a cited clinical psychiatry study—to enter a serious new relationship or remarry within two years, potentially jeopardizing the financial security of any children. The speaker contrasts this with a lower 20% remarriage rate for widowed women. To safeguard children’s inheritance, two legal strategies are recommended: (1) establishing an irrevocable trust immediately upon death to hold assets insulated from future spouses, creditors, and lawsuits; and (2) requiring any future spouse to sign a prenuptial agreement, with the irrevocable trust serving as a fallback if the prenup is refused. The advice is framed as essential, “come hell or high water,” to ensure assets reach the kids.

Chapters

75% of you listening to this are women, so you need to know this. If you're married and you're the first to die, it's very likely that your husband will be remarried or in a serious relationship within 2 years. A clinical psychiatry study showed that to be true for 61% of widowers. So if you have kids, how do you make sure that the money is protected for those kids from the new wife or the new ex-wife? There are 2 very good ways to make sure that the money's protected and that come hell or high water, it makes it to the kids. The first way is for an irrevocable trust to be created immediately upon your death to hold a portion of the assets for the kids that will be completely protected from ex- spouses, future wives, creditors, debtors, and lawsuits. Second way is to require that any future wife sign a prenuptial agreement, and if they refuse to do so, then the irrevocable trust is then created. Guys, you can do the same, but that same study showed that only 20% of women get remarried or into serious relationships.