Question regarding spliting costs and assets
Recently married. I have one adult son moved out on his own and my DH has two kids one 12 and one 18. DH makes about 20 thousand more than me and has more material possessions(owns the house, three classic cars, boat, house full of expensive antique furniture). I have less material possessions BUT about 300,000 in CDs and mutual funds. DH has about 5o thousand is divorce debt and I have none and he is paying child support and I'm not. So basically financially we are about the same with me being maybe a little better off.
We ARE NOT combining back accounts. The house is his BUT if something happens to him I get it. The house regardless will not be handed down to his kids. I have a will and my bio son will get 70 percent of my money(CDs and mutual funds) and DH will get 30 percent and my car. DH kids will get his classic car collection, boat , a few pieces of furniture and other personal things from DH family passed down.
Right now I split the mortgage,taxes and all bills with DH. I buy my own food and he buys food for himself and step kids. If we buy food we both will eat equally we split the cost. Older Step kid does has moved out and younger one is here 50 percent of the time. I don't buy clothes for SS unless its xmas/birthday.
Is there anything else I should look into doing as far as assets? Older Step in a selfish greedy thing so if there is a loop hole somewhere she and BM will find it. Also based on the information provided above is this a fair agreement as far as spliting costs?