If you are getting remarried, it is important to understand your spouse’s inheritance rights.
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Before you marry a second or third time, you want to know your partner’s rights to your property and vice versa.
You may want to work with an attorney to draw up a prenuptial agreement, before exchanging vows.
Then, you’ll want to know the intestation laws in your state. If you die without a written estate plan, the intestation laws will control where your assets go.
We help our clients understand where their money will go, if they don’t have a written plan. We also help them see different options and understand how their assets will be transferred depending on the option they choose.
In subsequent marriages, we often find that our clients have different concerns from the first.
Sometimes, they worry about providing for their children from previous marriages, should something happen to them. Other times, they want their new partner to have less rights to their assets.
We also have clients who want to ensure that their new partners and former partners are not making financial or medical decisions on their behalf. They may prefer that a close friend, sibling, or child is an agent in their Power of Attorney. We drafted their medical and financial powers of attorney to protect their wishes.
Whatever your goals with estate planning, it is important that you communicate this to your estate planning attorney.
Estate planning allows you to protect your loved ones and your assets. In a second or third marriage, estate planning can protect your children and your will in the event of disability or death.
If you need help with your prenuptial agreement or inheritance plan, we can help.
Contact us today to help you get the right paperwork or to update your current property package. We will plan so you don’t have to worry about your future.
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