Probably more to the story your friend doesn't understand. Pretty common for surviving spouse to get stuff.

Sign up, and you'll be able to vote in polls. Sign up

Report problem with this ad

Apr 6, 2021
1:30:07pm

Turnpike Lane Monday Morning Quarterback

Probably more to the story your friend doesn't understand. Pretty common for surviving spouse to get stuff.

At a minimum, have the estate there for her use during lifetime. Life estate or similar. Kids usually don't get it until his spouse at death dies. And you can;t disinherit a spouse, so there'd be an elective share option minimum for her.

So my guess is that the kid is assuming some things about the trust that aren't true.

Report problem with this ad

Turnpike Lane

Previous username: lawboy
Bio page: Turnpike Lane
Joined: Dec 14, 2004
Last login: Oct 15, 2023
Total posts: 124,282 (29,256 FO)

Report problem with this ad

Messages

Author

Time

I have a friend whose dad passed away from Covid. Dad was pretty set up with his

pink22

4/6/21 1:25pm

I think you are only getting part of the story.

Baron

4/6/21 1:28pm

Is there something with widow rights in Nevada that supersedes a will or trust?

pink22

4/6/21 1:29pm

How long were they married?

Sandstone Cougar

4/6/21 1:30pm

I think like 15 years maybe. I don’t know

pink22

4/6/21 1:31pm

Pretty much every state has that. Called an elective share typically. You can't disinherit a spouse, absent a Prenup.

4/6/21 1:32pm

I told him I think his dad thought he had it all figured out but didn’t. He said

pink22

4/6/21 1:34pm

Yes, it is a community property state, which means the spouse has a right to 50%

4/6/21 1:35pm

Probably more to the story, but Nevada is a community property state.

Sandstone Cougar

4/6/21 1:29pm

Probably more to the story your friend doesn't understand. Pretty common for surviving spouse to get stuff.

4/6/21 1:30pm

I’m sure it’s something like that.

pink22

4/6/21 1:30pm

Nevada has improved in the last several years.

Sandstone Cougar

4/6/21 1:34pm

Whether you wanted it to go to RG or not, LOL.

cosmohio

4/6/21 1:52pm

It seems like it comes down to the amount that was earned during their marriage.

4/6/21 1:34pm

Most people are surprised to learn that joint ownership/beneficiary designations

4/6/21 1:52pm

Interesting. Is there any way to prevent this? What should kids/parent do if

valleus

4/6/21 2:02pm

Yes, the parent should name his/her kids as beneficiaries on accounts . . .

4/6/21 2:11pm

I'm not an attorney, but watching the contrast between one set of grandparents

Emmett Fitz-Hume

4/7/21 5:34am

Nevada is a community property state. One-half of the community property/assets belong to the surviving spouse. Combine

SierraCoug

4/6/21 2:02pm

If me or HCBW wife remarry after the other dies, a prenuptial is required.

4/6/21 2:11pm

Was the wife also on the trust? Trusts will often say that property transferred to the trust retains its character as

vegasnative

4/6/21 2:33pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad