Widowers are far more likely to remarry quickly than widows: 61% versus 20% within two years. To protect children's inheritance, set up an irrevocable trust immediately after death, or require any future spouse to sign a prenup. If they refuse, the trust is created automatically.
Chapters
75% of you listening to this are women. 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? 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. 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.