As a result, a professional advisor may be asked to assist a client to prepare an estate plan in a second, or even third or fourth, marriage situation. Add to this the fact that a surviving spouse may live to age 100 or beyond, and the problems are obvious. These situations involve ...
Estate planning for a second marriage or blended family is very common in Los Angeles and throughout California. The goal is to ensure your estate plan or family trust is flexible enough to adapt… Contact us for a free consultation
15.-1. The marriage must be a lawful marriage; for a void marriage does not entitle the husband to the curtesy; as if a married man were to marry a second wife, the first being alive, he would not be entitled to the curtesy in such second wife's estate. But if the marriage had ...
READ MORE How LGBT+ Couples Can Protect Themselves With Estate Planning March 3, 2024 Same-sex couples gained several benefits from marriage equality, but there are still many ways that effective estate planning can protect LGBT+ couples and their families. READ MORE Page1 Page2 Prenuptial...
Estate Planning for Second MarriagesSome couples may be in a second marriage as the result of a divorce or the death of their first spouse, which can again result in different estate planning considerations. Moreover, a second marriage often includes children who may not be the offspring of ...
Why Marriage Is Still the Best Default in Estate Planning Conflicts Penn State Law ReviewKohm, Lynne Marie
Review your will for updates at least once every two years and after any major life-changing events like a marriage, divorce, or the birth of a child. Life is constantly changing, and your assets and wishes are likely to change from year to year, too. ...
Unmarried couples should particularly continue to review and revise their estate planning documents and beneficiary designations. Since the advent of same-sex marriage, it is now clear that domestic partners, even if registered as such, do not qualify for the federal (and in many cases state) ta...
Instead, parents can establish a revocable living trust that segregates any existing assets from those of a future new spouse and protects their own children from the negative impact of a second marriage. A deceased parent, in essence, can govern from the grave. ...
Estate Planning starts with an analysis of: Your assets Your liabilities Your present and future needs and desires The present and future needs and desires of your family and relatives Your and their future prospects. Estate planning consists