7 Financial Steps Forward In A Second Marriage
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.
© 2018. All Rights Reserved.
- Weigh Five 401(k) Options When You Leave A Job
- Seven Key Components Of Trump's Tax Reform Plan
- Dynasty Trusts: The Gift That Just Keeps On Giving
- Five Tax-Smart Ways To Transfer Your Wealth
- 7 Top Tax Incentives That Entice Investors
- How To Improve Chances For College Financial Aid
- Ten Frequent Retirement Mistakes You Should Avoid
- Meeting With The Family For Elder Care Planning
- 20 Questions On Required Minimum Distributions
- Seven Good Reasons To Create And Fund A Trust
- 6 Common Medicare Myths That Should Be Dispelled
- How To Save For Your Retirement At Every Age
- Six Hurdles To Overcome In Stretch IRA Planning
- Study These Six Higher Education Tax Breaks
- Women Have Better Credit Scores, But Lower Ratings Than Men