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Marrying again requires a different estate planning strategy

Planning for the future is a personal process, one that should be tailored according to one’s long-term goals and plans. Estate planning is an important process in every stage in life, especially after major life changes. This is why Florida adults entering second or subsequent marriages should consider what this step means for their estate planning strategy.

Common mistakes to avoid

Failing to update an estate plan is one of the most common mistakes people make after a second marriage or other significant change in their lives. Some of the other estate-related missteps that one should avoid include:

  • Failing to update beneficiaries on certain types of accounts, such as 401(k)s and other types of retirement accounts
  • Trying to treat all heirs equally in an estate plan, failing to consider individual needs and the rights of children from previous marriages
  • Failing to plan for smart giving and using wealth while one is alive
  • Forgetting to change the terms of a will after marrying for a second or subsequent time
  • Not speaking with a legal professional when creating a will or adjusting estate plans

By avoiding these mistakes, it will lower the chance of costly and stressful complications in the future.

Good planning starts now

Life is unpredictable, and estate planning is one thing that allows a Florida to adult to have some control over certain factors. This is especially important after a second marriage. In order to make the correct changes and have peace of mind for the future, it may help to work with an experienced attorney at every step.

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