Your Husband’s Next Wife

14 Dec 2022 · 1 min

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In this brief presentation, the speaker warns women that if they die before their husband, the husband's future remarriage could jeopardize the inheritance they intended for their children. To prevent this, she advises creating a lifetime trust (or including a provision in a will) that designates a life‑insurance policy as the trust’s primary beneficiary. Upon the woman's death, the insurance proceeds flow into the protected trust, which then distributes the assets to the children at predetermined ages or milestones. The trust can also be structured so that any investment income either supports the surviving spouse or remains earmarked for the children, ensuring the intended inheritance reaches the kids regardless of the spouse’s later marital status.

Chapters

There's a very good chance your husband's next wife could ruin your inheritance plans if you were to die first. Ladies, here's what you can do about it. Write this down. Either in your will or a trust created during your lifetime, state that at your death, a protected trust will be created for your kids. Into this trust will go life insurance policy proceeds from a policy you took out that names the trust as the primary beneficiary. That trust will hold that money and pay it out to your children at various stages during their lifetime. The income from the investment of that money can either go to your surviving spouse or be kept into the trust for your kids. This will ensure that your kids will receive the inheritance you want them to receive regardless of what happens to your surviving spouse down the road.