Deciding how you’ll ensure assets are distributed to your children begins with determining which method or methods you and your spouse can agree to. For example, one spouse may be open to a marriage contract, while the other may be against it.
Once you’ve selected a particular approach, share your thoughts about why you made that choice. In a marriage, it’s beneficial for spouses to be transparent about financial decisions.
In some cases, you may also want to tell your adult children that they’ll receive an inheritance. This communication can promote harmony between your children and your spouse, since it means your children won’t worry that your spouse will receive all your estate assets.
You should also talk to your spouse and children about who you are appointing to administer your estate. Whether you designate one of them or another person, your spouse and children should be comfortable with your choice.