Finances in a new marriage...

No I am not getting remarried yet or any time soon, but I can see it happening one day in the next year or so..

So this is what has me thinking..

I own a home. We get married.. I have to spend probably 200k or a bit more to fix up the home to do what is needed to make it livable for 4 kids.. My mortgage just about doubles and I loose 2 rental incomes..

Money wise we would be okay between 2 incomes.. If I can get a new job for a minimum of 80k a year, between my pension and new income I could do it all on my own without her income..

My issue is this.. I am looking into the crystal ball and I tend to look at the dreary part of things.. Sadly its a reality and I have seen it happen all to often to co-workers and others..

Basically, lets say we are married and I end up dying 5 years down the road..

Here is my issue.. I have a mother if she still alive and a brother and 2 boys. As much as my Brother might be a jerk0ff sometimes I wouldn't put him out in the street.

But I can also see where they would think why should this woman get part of the home and I get relate to that.. But it would be horrible to kick her out or force her out somehow.

I have 500k in life insurance and that would cover the new mortgage, making the home free and clear.. Loosing my income would put her in a financial woes as I know she could not pay for all of this on her own even if my mom and bro let her stay.. So the life insurance would be a boon for everyone.. As the home is paid off and my new wife could pay the bills and nothing much would change for everyone.. But I don't think they will see it that way..

So my thoughts are some how to make them understand they would be dependent on each other.. But not put anyone in a financial straits..

And of course through all of this my 2 boys are my main concern. I wouldn't want anything that would cause life changing issues for my kids.. EG moving and such.

So I am wondering how can I make it fair for everyone..

I was thinking of giving a rolling percentage of the home to the new wife based on half bills being paid by her.. So if the home bills were 5k a month, she would get 2500 investment into the home.. So in the end if something does happen to me she would have some vested interest into the home but nothing where she would kick anyone out and no one could kick her out..

Again my brother isn't evil, but he can be a d0uche.. I could see him thinking.. I have a home worth over 1 million dollars and its paid off.. He could live off the rents if he wanted to.. Hes not good with money and I can see him getting money hungry..

So I know this might be nuts to some as its all doom and gloom. But I have seen bad things happen to good people because of this..

To me its a simple reality that needs to be dealt with and not left for others to deal with after I'm gone..

The GF doesn't have anything but her salary to invest into the home.. So she can't put money in to be a partner of sorts..

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