Estate Planning for a Second Marriage - Law Offices of Ann M Carrozza
Love May be Lovelier- but it is also a whole lot more complicated the second time around! Can’t wait to share the news about your new romance? My advice is to share your happy news with a supportive friend. Based on my work with over 15,000 families, I can tell you that your adult children will likely be less than thrilled with the news! A common objection to a parent’s remarriage is that the divorce rate for those in second (or third or fourth…) marriages exceeds 60%! Second marriages have special complications that require thoughtful planning. A few tips to consider: Prenuptial Agreements Hammering out the legal and financial issues ahead of time can prevent much costly legal wrangling later. Beyond establishing who gets what in the event of death or divorce, prenuptial agreements are increasingly being used to address issues within the marriage. To ensure that the PreNup won’t be tossed out, don’t sign it immediat...