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Post by Kylie90210 on Oct 28, 2009 21:07:14 GMT -5
I hope this isn't too morbid, but my bf is going through something similar right now, and it got me thinking, who would Watson leave his money to if he died?
Would it all go to Elizabeth, who would then divide it between all seven kids in her will? Or would half go to Andre and Karen, and half to Liz, to give her five later?
What do you think?
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Post by sparklymouse on Oct 30, 2009 12:48:28 GMT -5
Well, first you have to assume that Watson updated his will at appropriate times. I know people who never got around to adding their youngest kids to their wills. He could have died and everything could have still been in Lisa's name.
I think most likely Elizabeth would get the majority with all seven kids getting smaller amounts in trust funds. I do think all seven kids would be included, especially if the wills were updated after Emily came into the picture.
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Post by cokiemason on Oct 30, 2009 12:55:57 GMT -5
it would make sense for watson to have updated his will once they adopted emily... i think he seems like the kind of person who would definitely be on the ball with that. but, who knows? sometimes life just gets in the way. like heath ledger's will didn't have his daughter on it-- all the money went to his parents (who did put it in a trust for lil matilda <3) i wonder if lisa and elizabeth would have some kind of fight over it. i mean... the mansion, for instance. regardless of it being in watson's family, it would have become the matrimonial home and he probably would of had to pay her out for it once they split... but i wonder if that house would cause any type of animosity with the women. doubtful, if watson updated his will-- but if he didn't, and it was all in lisa's name still? oooohhh....  |
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msstock87
Sitting For The Braddocks
Here Comes The Bride!
Created by Rie.
Posts: 3,618
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Post by msstock87 on Oct 30, 2009 13:30:23 GMT -5
I would think Watson would have been on top of things with his will. He seemed like the type of responsible guy to do so. He also seemed to care about all the kids very much so I think he would make sure their was some for each kid in that family.
It's not too morbid of a topic Kylie, it's something that is a part of life.
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alula
Sitter-In-Training
Posts: 406
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Post by alula on Oct 30, 2009 20:49:24 GMT -5
^If he hadn't already, I bet Watson would definitely update his will after his heart attack.
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Post by cokiemason on Nov 3, 2009 14:42:19 GMT -5
oh, good point alula, i spaced about his heart attack.
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Post by Kylie90210 on Nov 3, 2009 21:13:11 GMT -5
So did I, good point.
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Post by sugarandspicexx on Nov 4, 2009 2:17:05 GMT -5
i wonder if lisa and elizabeth would have some kind of fight over it. i mean... the mansion, for instance. regardless of it being in watson's family, it would have become the matrimonial home and he probably would of had to pay her out for it once they split... I'm not very sure how the family courts work at all, but I'd have thought if Watson owned the house outright before he was married to Lisa, he wouldn't have to pay her anything for it? But, because they have children together would he possibly have to pay her something towards another home in their divorce settlement? I definately think he would include the Thomas kids in his will, the big question is whether Karen & Andrew would get a higher figure or would it be divided evenly between them all? * On a side note I just remembered the way my own inheritence is to come to me and my bf's family did the same thing. My dad died 10 years ago, everything went to my mum. My brother, sister and I recieve our inheritence after mum dies. (But I hope to god that's not for a looooong time yet!) |
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Post by cokiemason on Nov 4, 2009 14:43:10 GMT -5
i wonder if lisa and elizabeth would have some kind of fight over it. i mean... the mansion, for instance. regardless of it being in watson's family, it would have become the matrimonial home and he probably would of had to pay her out for it once they split... I'm not very sure how the family courts work at all, but I'd have thought if Watson owned the house outright before he was married to Lisa, he wouldn't have to pay her anything for it? i'm not sure how it works in the states, but i'm nearly positive here, regardless of if he owned the home before, it still became the "family home" once they got married. i've never had to go through it, so i don't know much about it, but i seem to recall my mom saying something like this. watson apparently has so much money, i'm sure everyone will have tons. karen will probably make it her personal mission to find out HOW MUCH everyone gets, to be "fair"... boo to you karen. |
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Post by sparklymouse on Nov 4, 2009 18:26:28 GMT -5
^Lol about Karen. I can actually see her wanting everyone to get equal amounts, which would be strangely decent of her.
I just have to point out that Emily Michelle is also Watson's legal daughter and should be thought of in the same respect as Karen and Andrew. Even if the Thomas 4 weren't included or got smaller amounts, Emily's cut should be equal to those two. I definitely think he would have it set up so that if he died while the kids were their current ages (2-17) they couldn't touch their money until they were a certain age.
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Post by Kylie90210 on Nov 4, 2009 20:20:47 GMT -5
^ Agree. Here, you don't even have to be married to someone, just living with them for longer than six months to get half their home. Not quite sure if that actually happens though |
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Post by cokiemason on Nov 8, 2009 14:46:31 GMT -5
it's like that here... common-law. i believe it's 6 months as well.
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Post by otempora541 on Nov 14, 2009 11:47:25 GMT -5
Legally speaking everything goes to Elizabeth unless otherwise mandated. I'd imagine it would go to Elizabeth (to be split with the Thomas kids), then equal parts to Karen, Andrew, and Emily Michelle.
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Post by greer on Nov 15, 2009 9:13:29 GMT -5
It's not necessarily true that everything goes to Elizabeth. My mom, for instance, is entitled to the pension/social security from the years that she and my father were married.
About the house: I am sure that it was all worked out in the divorce agreement. It's not necessarily true that Watson would have to pay Lisa because of the asset of the house, since the house has been in his family for generations and it's entirely possible that her name was never on the deed. The fact that Watson, as a single man, kept on living in the house while Lisa took the kids and moved to a smaller one speaks volumes about the house really being Watson's House, and not really Watson-and-Lisa's house.
Also, old money like Watson would certainly have a personal financial planner who would make sure that his will was updated and so on.
I would say that half would go Karen and Andrew and Emily, and the other half would go to Elizabeth and the kids. Or perhaps even more would go to the Thomas kids than would in a normal stepparent situation. He is going to help with Charlie's college tuition and so on. It seems to me like Watson really does consider Kristy/DM/Sam/Charlie to be his kids. David Michael has never really known any father except Watson, after all. I wouldn't be surprised if it was spread out equally among steps and legal children, actually, which I could see causing drama with Karen. Remember her brooch hissyfit??
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oldhickory
Sitting For The Arnolds
Heather Loves Boys and Gym
Posts: 3,251
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Post by oldhickory on Jan 1, 2010 2:33:15 GMT -5
i totally just realized that both of watson's wives are named elizabeth. lisa is a nickname for elizabeth, right?
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