futurebride_header_newjpg

testimonals

Home Legal & Finances Tips for a financially successful second marriage
Tips for a financially successful second marriage PDF Print E-mail
Several weeks before your marriage, set aside a definite time to discuss with your partner how finances are to be handled and make an appointment for your both to see a lawyer and insurance broker for advice. ...

Points to discuss with your lawyer

  • If there are children from your previous marriages, decide how to change custody arrangements
  • Create a trust to make sure the children from previous marriages aren't left out of inheritances
  • Consider having a prenuptial agreement drawn up to show your love, commitment and practicality – you and your partner may want to keep some accounts and assets separate
  • Discuss any possible changes in maintenance payments
  • Update wills and other beneficiary accounts
  • Gift to your children now – if they have to wait for a stepmother who is twenty years younger than Dad to die, it could be a very long time before they receive their inheritance

Points to discuss with your insurance broker

  • Re-evaluate your and your partner's insurance needs
  • Discuss how your and your partner's parents will be cared for in future
  • Consider taking out life insurance on your or your partner's previous spouse to replace maintenance payments if he or she should die
  • Update and coordinate benefit packages from your places of employment, healthcare, retirement plans, etc.
 











logo
© 2010 FutureBride Online Wedding Portal | Supported & Maintained by Ananzi Webs