Divorce, Remarriage and Estate Planning

Unfortunately, a significant percentage of marriages end in divorce. We should also point out the fact that the divorce rate for second and third marriages is higher than the divorce rate for first marriages. Most second and third marriages do not withstand the test of time. There are a number of things to take into consideration from an estate planning perspective if you are getting divorced. Clearly, you are probably going to want to change the beneficiary designations on your insurance policies and retirement accounts. If you have a last will or a trust in place, adjustments to these documents will be called for as well. Once you have established yourself as a single individual from an estate planning perspective, you can go forward with peace of mind until and unless you get remarried. At that point, you are going to have a new set of estate planning concerns, especially if you have children. To protect yourself, you may want to consider the creation of a premarital agreement. Rem


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