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

August 22, 2016

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.


Practice Areas:



Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Payment Portal
for Tax and Accounting invoice

This link offers a secure, quick way to complete your payment with Omni360 Advisors LLC.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts

Navigating the Step-Up in Basis: Core Rules, Critical Exceptions, and Strategic Benefits for Families and Business Owners

For many families, business owners, and high-net-worth individuals, one of the most valuable—but often misunderstood—tax concepts in estate planning is the step-up in basis. While discussions ...

<p>The post Navigating the Step-Up in Basis: Core Rules, Critical Exceptions, and Strategic Benefits for Families and Business Owners first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

New State Retirement Plan Requirements for Small Businesses in New Jersey and New York

Small businesses in New Jersey and New York may face new retirement plan compliance requirements in 2026. Learn who is affected, key deadlines, and important ...

<p>The post New State Retirement Plan Requirements for Small Businesses in New Jersey and New York first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Understanding the K-Shaped Economy: Why Portfolio Diversification Matters More Than Ever

Learn what a K-shaped economy means, how it affects investors and business owners, and why maintaining a diversified portfolio may help navigate an increasingly uneven ...

<p>The post Understanding the K-Shaped Economy: Why Portfolio Diversification Matters More Than Ever first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>