No. of Recommendations: 4
Not sure what you are talking about with "dependency." Do you mean DDs being counted as dependents for tax purposes? The DDs are 31 and 33. They haven't lived with us for about a decade.

Seriously, talk to a lawyer about what you want to accomplish -DIY is showing some knowledge gaps. I was referring to your wife being a dependent of your daughters and IIRC, only one daughter can claim that each year. This is the scenario you seem to be setting up.

If your daughters marry, there are other issues on money each may receive, whether you intend it for your wife or not. Same if either has a child.

The big question is why your wife has access to money right now ? I would deal with that before worrying about inheritance. Also, keep in mind she is legally your next of kin as long as you are married. If you don't trust her with money, do you trust her with decisions about your health if you are unable to make them ? Also anything you currently own as jt ten w/ rights of survivorship automatically goes to her.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.