Each of you needs to have a will. You should also have living wills and powers of attorney for medical purposes so that each wife has the same rights to go to him in the hospital if he were incapacitated. There needs to be life insurance policies for each wife so that each is provided for in the event of hubby's untimely death. You can get more complicated if you want to and you can do a family trust and that sort of thing. I think, unless we are very wealthy or very complicated, that simple is best.
In TX for example, we found out that we cannot have three names on a piece of property that we purchase together. So if the time ever comes for us to buy a house here for all of us, we will have to incorporate into a family trust.
SweetLissa
In TX for example, we found out that we cannot have three names on a piece of property that we purchase together. So if the time ever comes for us to buy a house here for all of us, we will have to incorporate into a family trust.
SweetLissa