We often view marriage as a fresh start or a new beginning; this is true even in 2nd marriages. And a new start is an ideal time to review and update your estate plan. A life-changing experience, such as a 2nd marriage, means you must consider and change how you established documents in the past. Like peanut butter and jelly – 2nd marriages and estate planning should always go together.
It’s wise to review your estate plan every 3-5 years or when you have a significant change in your life, such as large purchases, the birth or death of a family member… or a 2nd marriage. Updating your estate plan will protect you and your loved ones, especially if you had children before this marriage.
Some points to consider when thinking about 2nd marriages and estate planning are:
As you can see, estate planning and your 2nd marriage can be complex. The above list is only a couple of concerns you’ll want to discuss with your estate planning attorney.
Do you have questions about 2nd marriages and estate planning? Our experienced estate and probate attorneys can advise you on the best options to protect your assets and loved ones. To talk to an attorney, contact the Estate & Probate Legal Group at 630-864-5835.
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