The greatest concern in second marriages is ensuring that each spouse’s share of the estate ultimately ends up with his or her desired beneficiaries. That is, if each spouse has children from other relationships, those children’s inheritance is protected even if their parent is the first spouse to die. Traditional estate planning distributes an estate […]
Tag Archives: divorce
Divorce protection is an important aspect of asset protection and estate planning. With a 50% national divorce rate, it is commonplace for people to protect themselves and their children’s inheritances from former spouses. The three planning tools that I am going to focus on are Spendthrift and Discretionary trusts, Buy Out provisions in operating agreements […]