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How will you tackle estate planning in a second marriage?

Marriage is never as easy as it appears on the surface. This is particularly true if you are tying the knot a second time.

More people than ever before have found themselves in a second marriage. If you find yourself moving in this direction, don't overlook the importance of estate planning.

There is a variety of changes to address, as well as some details that you cannot afford to overlook.

One of the first things to consider is your living arrangements. In a second marriage, it is common for the primary residence to be titled in one person's name. While this may not sound like a big deal, you need to consider what would happen if the person on the title passes on. What will happen to the home?

Many people are more cautious the second time around, meaning that they ask for a prenuptial agreement. By focusing on legal and financial concerns before marriage, you can avoid a variety of potential problems in the future.

Both people are likely to have a separate estate plan entering the marriage. The couple must decide if combining these into one plan makes sense from a personal and financial perspective.

These are just a few of the things you can do to tackle estate planning in a second marriage. This can be a great time in your life, but you need to realize that there are questions related to estate planning that must be addressed. Failing to do so could leave your spouse and/or children in a difficult spot when you pass away.

Source: The Huffington Post, "Estate Planning In A Second Marriage," accessed Dec. 08, 2015

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