63 YO wife diagnosed nonfluent Primary Progressive Aphasia. Given symptoms started at least three or maybe even earlier, expect 4-6 years of future care as disease progresses. Her will leaves all of her assets (>$1.2M) to her daughter who lives in another state. We have had a wonderful marriage for 13 years, traveled the world, lived in beautiful homes, all paid by me. Now I am facing a future of years of dementia and caretaking, at the end of which all assets go to her daughter. Yes it could be that all assets are used up by her care which would be fine but there could still be a sizable estate, all going to someone who will not be doing anything . Is disinheriting a loyal and faithful spouse right? And I might need care funds myself if I live longer.
I would keep your own assets safe at this time using her funds for her care. Hoping you are her POA or she may be whisked away by said daughter to conserve her inheritance (if she is aware of the will). I also assume your wife is now incapable of making any will changes.
Think of seeing an attorney for legal separation so that your funds cannot be attached for her care.
I would wonder when this Will was done. If prior to your marriage then not sure if your entitled to anything if its money your wife earned or inherited before your marriage. Inheritance are not community property.
Seems to me if you pass before your wife, she has the money to care for herself. Do you have a children that could use the inheritance?
At 10k a month for a LTC facility it would take 12 years to use up a million. Thats what her money is for her care. I guess it just sat there why you paid for everything. I think now, you need to consider ur future. Wife has money for her care, it needs to be used. DD will get what is left over. Keep good records.
If your wife is in this position, it would be best to work out how to involve her in the decision, which could involve changing her will. Could you give a bit more information?
It is now time for you to stop paying for everything. Your wife should be paying for half of your living expenses and additionally for anything for her care. That will allow you to keep some of your money for when/if you need it in the future.
Depending on her care needs, make sure that you take care of yourself by getting paid help as soon as you start to need it, BEFORE you get burnt out. All this will be paid for with your wife's money.
Best of luck.
Best of luck.