Estate planning in Wheat Ridge and Jefferson County can be a little more complicated for those in a second or subsequent marriage. There are more steps to consider in these situations to make sure that your wishes are carried out. Let’s take a look at some of the vital things you should have in place for estate planning with remarriage.
Prenuptial Agreements, Remarriage, and Estate Planning in Arvada
Prenuptial Agreements can be an important part of an Arvada Estate Plan. While they aren’t usually associated with estate planning, they can be a vital first step for those who are entering into a second or subsequent marriage. A prenup is necessary when one party wants to make sure that certain people outside the marriage (like children from a previous relationship) are beneficiaries. Without a prenup, the surviving spouse may take control over the assets, making it difficult for other heirs to receive their share. If you have already entered into your marriage, you can add a postnuptial agreement to accomplish the same goals.
Revisiting Your Beneficiaries for Your Jefferson County Estate Plan
It’s likely that if you are getting remarried in Jefferson County, your beneficiaries will change. When you first set up your 401K or life insurance, you probably chose your first spouse as the beneficiary. It may be a good idea to reevaluate this and make sure that the beneficiaries of these policies are up to date with who you want to receive the benefits.
Property Ownership: Titling Assets in Golden
When it comes to property ownership and joint accounts in Golden, Colorado, you want to make sure everything is titled appropriately. If the assets are listed in both spouses names, then the surviving spouse will automatically take ownership over the accounts and property. This is something to consider because even if your estate plan says otherwise, this ownership may trump your wishes.
Contact a Mountainview Estate Planning Attorney Today!
All in all, estate planning in these situations can be complicated. Each situation is specific to your unique circumstances. To make sure you are fully prepared, it’s important that you reach out to an experienced estate planning attorney to make sure that everything is done properly to ensure that your loved ones are taken care of in the way you see fit.