Remarriage Calls for a New Estate Plan
Whether following divorce or the death of spouse, a remarriage impacts your estate plan. Children may understandably be wary of anyone who might marry one of their parents later in life. They might suspect the new spouse is going to inherit what would have been theirs or that the new spouse’s children will get an equal share of the estate assets.
Tailor Your Estate Plan for your Family’s Special Needs
Estate planning documents can be drafted to fit every family’s particular needs. If a spouse wants to leave everything to her own children, she can draft a will to do so. It can get more complicated however if a spouse wants to continue to provide for the living spouse but wants to leave assets to her children—rather than give everything to the new spouse. A trust can be established in that case which will provide income to the new spouse while preserving estate assets for the children.
Getting Legal Help
Experienced Estate Planning Attorney Elga Goodman understands that each family has unique needs and circumstances and she can help you create an estate plan which protects all the important people in your life. Contact us today at 973-841-5111.
Posted in: Estate Planning, New York Estate Planning