Jump to Navigation

Second marriages aren't exempt from estate planning needs

Estate planning is something that everyone should do. It can help a person tell their loved ones of their wishes and ensure that their assets are distributed to whom the person would want. In the United States, many people might find themselves divorced half way through life, and because many people live longer, they might find new love and remarry.

During these life changes, it is especially important that people update their estate plans. After a divorce it would be wise to review wills, trusts and other documents with beneficiary designations to make sure they are in line with a person's wishes. If a person decides to remarry, they might want to review their estate planning documents again and discuss their wishes with their new spouse, any step-children and children from the previous marriage.

This can help reduce the likelihood of debate between a person's loved ones after they pass away. Sometimes adult step-children become close with their new step-parents, and sometimes they have no relationship. What assets they might get from an estate should be decided on an individual basis. Speaking with all members of the family might be a wise decision, and an attorney might be able to help facilitate the discussion, to ensure that there is an understanding about why the person planned their estate the way they did.

It is extremely important in these cases that estate plans specifically outline the definitions of children, as step-children could be left out of the estate plan depending on wording of the documents. An experienced estate planning attorney can help people revise their estate planning documents after a major life change.

Source: The Huffington Post, "Estate Planning In A Second Marriage," Ann Margaret Carrozza, March 28, 2013

No Comments

Leave a comment
Comment Information
Subscribe to this blog's feed Are You in Need of Expert Legal Representation? Contact Us For A Consultation. (201) 467-4180

McCurrie McCurrie & McCurrie, L.L.C.
680 Kearny Avenue
Kearny, NJ 07032-3010
Phone: (201) 467-4180
Fax: (201) 997-9567
E-mail

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close