I have been married to my husband for seven years and we have a child together. I also have eight children from a previous marriage and he has one child from a previous marriage. His father died a few years ago and his mother's health is currently not good. I have a question about inheritance. My mother-in-law doesn't like me, so I can't talk to her about it.
See also: As a baby boomer, I didn't grow up with this culture of aspiration – do I have to hand over my wealth to my children or spouse?
My question: Does my husband automatically inherit her home when she dies? He is her only living child. She lived in this house before my husband was born and I am not sure if she still has a mortgage. Am I entitled to my mother-in-law's house if my husband inherits it and he gets sick in advance or if we get a divorce?
Married for seven years
Better ask me than your husband or, thank God, his mother.
You may not like your mother-in-law, but you seem to care more about your home. If you plan to divorce your husband, you can say goodbye to him and your mother-in-law's home. Maryland is an equitable state and not a community-owned state. A divorce court is not obliged to divide the assets 50/50. (In a state that is owned by the community, all assets acquired during the marriage are considered marital property and are split 50/50.)
In Maryland, if a spouse dies when minors are affected, the remaining spouse inherits 50% of intestinal property, that is, property that is not covered by a will and will. In such cases, each state follows its own laws that regulate such situations. The minor offspring – in this case the child you had together – then inherits everything else. Your children from a previous relationship are not considered to be your husband's descendants.
However, your husband's expected inheritance has another fold. Even in a community-owned state, gifts and inheritances are not considered to be marital property and are therefore not shared equally in the event of a divorce. The same applies to Maryland's law on fair distribution: your husband would keep his mother's home, provided he got sick of you. On the other hand, your only child and that of your husband would likely inherit your mother-in-law's house after he died.
In the meantime, I hope your mother-in-law fully recovers.
See also: "He's a treasurer, not like on TV, but close!" My sisters took valuables from my sick father's house as payment for cleaning
Do you have questions about inheritance, tips, weddings, family feuds, friends or tricky questions about customs and money? Send them to MarketWatchs Moneyist, specifying the state you live in (full names are not used).
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