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What to Keep in Mind When Doing Your Estate Planning for a Second Marriage

August 22, 2016

Filed under: Estate Planning — Neel Shah @ 9:15 am

Along with the surge in gray divorce or increasing numbers of individuals above age 50 and 65 who are getting divorced, it’s important to think carefully about planning ahead for estate planning as you get remarried.estate planning NJ

 

Some of the most pertinent issues include:

  • Children from a previous relationship
  • Family harmony and balance in general
  • Financial security for your surviving spouse
  • Assets that are inherited or acquired during the second marriage
  • Assets that you own and are bringing into the relationship

Some of the most important steps you can follow with your new spouse include:

  • Discussing finances
  • Evaluating previous commitments
  • Considering whether a prenuptial or post-nuptial agreement could help you
  • Reviewing your estate planning documents
  • Carefully considering how children from prior relationship will be influenced with any new estate planning documents

It’s important to consult with a knowledgeable attorney who has handled complex estate planning issues before. Having an attorney who is committed to finding the best possible strategies and documents for you is critical for your success.

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