Q: my uncle just got married yesterday, my father and uncle share banks accounts how will this affect my father and family
my father and uncle have a shared bank account, my uncle just bought a new house from his new wife's ex-husband, how will this new marriage affect my father's shared assets and how might my uncle's mortgage effect my father and how might my uncle's new marriage effect my family's inheritance of other family assets.
A: There are quite a few unanswered questions here. I would recommend siting down with an attorney to answer a lot of the intricacies that this question could entail. Essentially though the new wife would only be entitled to an equitable division of the assets that the uncle owns. If the uncle owns 1/2 of an asset the new wife could be entitled to an equitable division of that half. This is all dependent though on numerous factors. It would really be in your best interest to consult with an attorney on how this could be detrimental to your family and how to protect the assets that are in place.
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