Well here is a couple of ideas starting with the inane. One you could get divorced thereby eliminating any challenge from the surviving spouse. Of course, that could strain your finances among other things. Second, you could ask for a postnuptial agreement from your current wife where each of you waive your rights to an elective share and any homestead rights. Of course this could lead back to option one, thereby making option two null and void. Third, you could give everything you have away during your life but again, this could trigger option one again and a whole bunch of other legal and tax issues that may not be worth the hassle. All joking aside, the fundamental issue is whether you can disinherit a surviving spouse and in Florida, there is a right to the elective spousal share which prevents the disinheriting of one's spouse. Additionally, you have to cope with the homestead rules which also prevent one from leaving a spouse and kids homeless. It is common in second marriages to do a trust and splitting the assets proportionately among each other's kids, however, most spouses don't leave the other penniless. If this is truly what you want, consider negotiating a post-nuptial agreement with your wife assuming there are valid reasons for doing so. If there isn't, one could argue the contract is void for lack of consideration...so be careful. One final note and most likely the right solution, is that if the bulk of your assets are coming from a future inheritance, consider asking your mother to pass those in trust directly to your children or to you in a protected trust vehicle. This could prevent any marital issues and accomplish what your ultimate goal is. I would highly recommend that you contact an estate planning attorney to get the right guidance based on the facts.
Answered on Jan 17th, 2013 at 9:32 PM