It used to be that parents were the ones counseling kids to have pre-nups and not be silly romantics. But these days -with 500,000 new marriages a year between couples over the age of 65 - it's more likely that it's the adult kids of divorce who are worrying about financial futures and now asking, insisting or even begging their parents to get pre-nups.
Take for example the case of Diana Mercer, the author of "Making Divorce Work," who's mediating her own family drama now. Her 82-year-old father is remarrying and she wants to protect an inheritance.
"We're going ballistic right now because most of his estate is because of my mother's money," she says. "We've bought the argument that he wants to take care of the wife who will take care of him in Indianapolis since we're in California. But I do have a problem with her son, who's a nogoodnik ending up with money and the house that should have been mine and my brother's."
Mercer is not alone in raising red flags about a parent's pending marriage.
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Adult Kids of Divorce Are Demanding That Their Elderly Parents Stop Acting Like Teenagers and Get Prenups
5 comments:
It makes sense. How do you get them to listen?
Pardon me? Protect their inheritance?
It's not the kids' inheritance until the old folks die.
Until then, it's the old folks' money. THEIRS to do with as they want.
I remember hearing a new defination of success: die even.
In other words, spend and enjoy as much of your money as you can. You can't take it with you and your kids earn more than you ever did anyway.
Enjoy life. Enjoy the fruits of a lifetime of work.
Prenups? Baloney.
Silly romantics? I don't think so. Sometimes, yes, but most often not. Adult children should let their parents run their own lives if they possibly can.
Prenups are always a good idea, no matter what age.
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