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7 Financial Steps Forward In A Second Marriage

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Marrying again after divorce or the death of a spouse may offer great personal benefits. But it also can lead to financial complications, especially if you have children from your first time around.

However, the blessed event doesn't have to be ruined by family squabbles. Discussing matters openly and deploying a range of estate planning strategies can help you develop a plan that meets your needs. Here are seven steps to help move you along:

1. Open the lines of communication. Before you tie the knot, be up-front about your concerns and preferences. Talk to each other about your intentions and how you expect to pass along assets to other family members, including any children and grandchildren. You might find it helpful to include an impartial person, such as your financial advisor, to "broker" the talks.

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This article was written by a professional financial journalist for Strategic Wealth Management Group, LLC and is not intended as legal or investment advice.

© 2018. All Rights Reserved.

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StratWealth® is an experienced, fee-based Registered Investment Adviser (RIA) offering a full range of professional services, including Wealth Management, Financial Planning, Investment Management, Qualified Plan Advising and more. PLEASE NOTE: The scope of any financial planning and/or consulting services to be provided depends upon the needs of the client and the terms of the engagement.

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© 2018 Strategic Wealth Management Group, LLC. All Rights Reserved.