Married clients who are planning their estates when they have previously married have unique challenges and issues. This is especially true if there are children of the current marriage, the past marriage or both. Usually the re-married parents want all their children to inherit a portion of the estate. It becomes even more complicated because people are living longer and “gray divorce” or divorce among spouses who are over 50, is the fastest growing divorcing group. Add in the fact that older people usually have more significant and substantial assets, it makes a great deal of sense to work with us to go over all of your estate planning needs. After meeting with us, many clients learn that a trust may be the best way to achieve estate planning goals. Likewise, some clients learn that a trust is simply too expensive and is not necessary to achieve the goals the client has defined.
Regardless of where you are on the wealth spectrum, it is important to sit down with a quality estate planning attorney to make sure your estate plan is current, accurate and achieves your goals.