Yes, no or maybe so. It all depends on information not included in your summary. How are the assets titled? If the assets are in joint names between spouses or she is named as beneficiary, then she gets it all. If there is a Will or Trust that leaves assets to her, then she gets those assets. If there is a pre-nuptial agreement that says she gets nothing, then she gets nothing. If all of the assets are titled in your FIL's name and there is no Will or Trust, then she would be entitled to an "intestate" share of the assets, which is essentially the first $150k worth of assets, (plus any allowances or exemptions, plus reimbursement for payment of any estate expenses), plus 1/2 of the rest of the estate. The kids would get the other 1/2 of the estate. So there is no way to determine how much she would be entitled to at this point, without more information about the situation.
Answered on Mar 28th, 2014 at 5:21 AM