Post # 16
Agree with PP’s that this isn’t really a CFBC question – I think what is typical is that the Spouse always inherits regardless of children. However most couples I know have a shared view of all assets, even if financials are separate it’s “this is my spending money” not “this is my money”.
SO and I are starting the conversations on what to do with our assets if we both pass as with no children that is a more complicated question in my mind. We’ve decided that some will go along with our dog to cover her life expenses, some will go to SO’s family (my family are all very stable financially), and the rest will go to charities. We haven’t worked out specifics of amounts or anything yet though.
Post # 17
Hubby and I are CFBC, and I plan for him to inherit everything if I die first, and vice versa for him. Once we’re both gone, we’ll probably leave everything to our niece, since we plan on being involved in her life as opposed to having children of our own.
Post # 18
I agree it’s not a CFBC issue. I’m not CF and I plan to leave something to my younger sister. My husband has no problem with this, unless I were leaving partial interest in our homestead to my sister or something (which I’m not).
Post # 19
If one of us goes first, the other will inherit everything, his sister is CF also but my brother has 4 kids. We have always also said that my best friend’s son will inherit all of our memorabilia because he’s into the same things as my FH and all he has to do is check in on us in our old age. I figure we will leave everything to my brother’s kids and my best friend’s kids. We are close to all of them.
A great aunt (CF but not sure if by choice) passed a few years ago and she left things equally to all of her nieces and nephews and stipulated that they all pick a day and go through her house, they had also been choosing things for years if I remember correctly. She donated to her causes and also gave money to all the nieces and nephews which there were about 16-20.
Post # 20
We are making a good update to our trust. We have a godmother to our dogs! She knows their lineage and their history and would be thrilled to have them.
This is huge for us.
Assets beyond what is necessary to care for our pets go to wolf protection.
Dh and I are both signed up with Neptune Society, so zero final expenses. Wonderfully simple.
Post # 21
This is how everything in my family is set up, everything goes to the spouse but then when both are gone assets that are left are then passes to whomever, children, nieces, nephews, grandchildren ect.
Would he agree to that? Leaving your brother and niece and nephew money upon both of your deaths. I am sure if you were dead and he knew it’s what you wanted he wouldn’t cut them out, but I am sure there is some way to legally make sure he can’t.
Post # 22
Ours will go to each other (spouse). We don’t have close families or much contact with any relatives so it won’t go to any of them.
If he passes away before me, I will probably have my assets donated to a local animal shelter or something like that when I’m gone.