SKs, wills & leaving your own legacy
Before I married in my 40s, I had some of my own assets. At the time, my will stated everything should be split between my siblings (or their child/ren if a sibling passed).
My husband didn't have financial assets; but I gained my SS
If either my DH or I become a widow, we agreed the widow would get 100% & essentially if I pass away 1st, my DH could then will 100% to my SS then...I'm fine with this/that feels right.
But...if we pass away together, my DH believes 100% should still go to my SS. Now, say the estate was only enough for a downpayment on a house, I'm fine with that. But if the estate were closer to $500k...my gut wants to leave something to my siblings, also (ie 50% to SS & 50% to be split amongest my siblings...there are 10 of them-no one will feel like they won the jackpot or be compariable to what SS would get).
Now if my DH were to pass away 1st, I would def include my SS in my will & would probably do the 50-50 between him n my siblings again (if there was a lot of $...else everything to my SS).
Does anyone else have conflicting feelings about wills & SKs...what are your thoughts? I question why I'm OK if my DH left 100% to SS, if I passed 1st; but otherwise I'm not?!? My husband asked if any of my siblings are leaving me anything (my guess is not, as they all have bio child/ren).
The more I think about this...maybe what I truly want is a legacy of some sort (cremations in a river with park bench placed as a memorial/kept maintained & perhaps a fund where the interest could pay for an annual family picnic/weekend camp rental). Maybe it's not about the $ afterall; but about a legacy or some place where family/friends could come n talk to 'me'/not forget me?!?
Anyone else in a similar situation...what are your thoughts on SKs & wills?