I am my husbandís second wife. He was married to his first wife for 14 years and had three children who are now grown. We have been married for 23 years and have one daughter together who is now 21 years old.
My husband retained the house in the divorce from his first wife and it is where we have always lived. When my youngest stepchild turned 18 per the terms of their divorce he paid her half of the equity of house at the time of their divorce and she filed a quitclaim deed to the house. The deed of the house then went into his name only. Due to martial problems we were having at the time he did not add my name to the deed.
I know that under Georgia law that the spouse does not inherent the entire estate if the other spouse dies without a will. If one or all of my step children wanted to push the issue I could possibly be forced to sell the house and give them their share. Thus leaving me without a house and not enough funds to buy a new one. In short I could be screwed.
He refuses to make out a will and refuses to talk about such matters. He is 55 and I am 45 and we are not going to live forever but he doesn't want deal with it. I also think he doesn't want to make the decision on how we would split things between our own daughter who will only inherit from us and his other children who will inherent from us and their mother and step-father (there are no other kids in that marriage and the mother and new husband are very well off so my step kids stand to inherit quite well from them)
I worked for most of our married life but am presently unemployed, I do plan on returning to work, probably part time, in the near future and know I need to build up a nest egg in case something happens to my husband. Luckily I will have a retirement pension from my last two jobs.
Any other tips on how to protect myself financially in this situation please let me know.