Visitors to this site are no doubt aware of many of the financial and healthcare-related issues that are raised upon remarriage. An article published by CNBC.com, entitled “Getting remarried? Protect your assets and your interests” touches upon many of these issues, including the new spouse’s right: (1) claim an elective share; (2) to claim certain personal property; (3) to survivorship benefits from qualified retirement plans; and (4) to make healthcare decisions on your behalf in the event of your incapacity.
The article also identifies some common estate planning mistakes incident to divorce and/or remarriage, such as failing to update beneficiaries, failing to update an estate plan, failing to enter into a prenuptial agreement, and failing to plan for the possibility of nursing home care.
You can review the entire article by clicking here.