Legal Question in Wills and Trusts in Ohio
Second marrige wills
i am in a second marrige and would like to know how i should write my will. we each have 2 children, only one is a minor. we bought a house after we were married. my wife's name is on the title, but i financed it. (she had a bankrupsy on her credit report). the majority of the items in the house were bought by both of us. she only has a disability check, I work full time as a systems analyst. Her income is about 20% mine is 80%. i want to know what you would recomend in leaving the house and all the property inside to the kids, along with our bank accounts and my investments.
1 Answer from Attorneys
Re: Second marrige wills
If she had the bankruptcy and you financed the home, why not put your name on the deed? You have to decide how you want the house to pass on the first spouse's death. As to the things to mention in the Will, it depends how you have planned to treat the kids. Are you treating them all equally or are you giving more to your kids since you are contributing more of the assets? You may want to consider a trust with a minor child. I would NOT recommend that you try to do this on your own or using some computer program. You should consult an attorney because this is not the simple situation that software was designed to handle. Save your children (and spouse) aggravation and have it done professionally. A lawyer will walk you through these questions that you have.