Gregg R. Lewis

Trusted Family Law

Services In Columbus

Gregg R. Lewis
Trusted Family Law Services In Columbus

What should you do with estate planning before remarrying?

| Mar 5, 2018 | Post-divorce Estate Planning |

After a divorce in Ohio, many people begin dating again and some get remarried. This typically means not only a new spouse but possibly stepchildren or more biological children. The addition of a new family can complicate the estate planning process. Even if changes were made after the divorce, more changes need to be made when the family structure changes.

According to Forbes, one of the best options for ensuring your wishes are carried out after your death is to create a trust. This will help prevent issues with your children from a previous marriage not receiving their inheritance. You also want to ensure anything you brought into the marriage is protected and reserved for your children, if you want those assets to go to your children from your previous marriage. It can prevent your spouse from having full access to assets meant for your children if your spouse remarries and stop your assets from becoming the property of your spouse and his or her new spouse.

Another concern is if you still have finances comingled with your ex. If this is the case, you may need to make provisions for handling debts from your previous marriage, so your estate is not held up by these. Debt collectors could try to come after your estate to collect on debts from your previous marriage. 

Finally, you need to consider your home. You may want to ensure your spouse can stay in the home, especially if it was the home you lived in during your previous marriage. This information is for education and is not legal advice.