- Jurisdiction
- Mississippi
Before someone yells "get an estate planner". I live in a small town, only two estate planner's near me, one doesn't pick up, other's secretary has been saying the lawyer will call me back for two weeks now but hasn't.
Wife and I aren't in good terms, neither plans to divorce, no kids together. I have 3 kids (now all adults) from my first marriage and I want them to inherit everything.
(1) In my state (MS) a current wife is entitled to a "child's share". How do I avoid this? Can I give 2 kids the inheritance and void giving anything to the 3rd kid and make my wife's child's worth equal to the 3rd kid (i.e. nothing)? Can I give all my inheritance to my first wife (she won't use it and will end up giving it to our 3 kids), this way my kids get nothing and my wife's childs worth nothing?
(2) House has both of our names on it, but she never paid a cent of the mortgage. How would I prevent her from getting the house?
(3) 401(k) has her name on it and I can't remove her name without her signature (of course she wouldn't sign this). But I am retired, can I just clean out my 401k?
(4) I made my kids beneficiaries to my bank accounts, does this mean it'll automatically go to the kids and won't be part of the pot (i.e. wife says kids got x amount from my bank, so she wants her child's worth like the entire house)
Wife and I aren't in good terms, neither plans to divorce, no kids together. I have 3 kids (now all adults) from my first marriage and I want them to inherit everything.
(1) In my state (MS) a current wife is entitled to a "child's share". How do I avoid this? Can I give 2 kids the inheritance and void giving anything to the 3rd kid and make my wife's child's worth equal to the 3rd kid (i.e. nothing)? Can I give all my inheritance to my first wife (she won't use it and will end up giving it to our 3 kids), this way my kids get nothing and my wife's childs worth nothing?
(2) House has both of our names on it, but she never paid a cent of the mortgage. How would I prevent her from getting the house?
(3) 401(k) has her name on it and I can't remove her name without her signature (of course she wouldn't sign this). But I am retired, can I just clean out my 401k?
(4) I made my kids beneficiaries to my bank accounts, does this mean it'll automatically go to the kids and won't be part of the pot (i.e. wife says kids got x amount from my bank, so she wants her child's worth like the entire house)