Remarriage presents certain issues and challenges at the beginning of a second marriage and the death of some remarried spouses have experienced the following 5 unexpected problems:
|1. The relationship between the surviving spouse as step-parent and the deceased spouse’s biological children might easily disintegrate due to conflict or simply lack of communication;
2. Circumstances might change with the passage of time;
a. Declining health of the surviving spouse and high medical and long term care costs
b. The surviving spouse’s assets are lost to economic downturn, creditors, or predators/identity thieves
|3. The surviving spouse might remarry and wish to provide for his or her replacement spouse;
a. What are the chances that a happily married man will be remarried within three years of his wife’s death?
b. What are the chances that a happily married woman will be remarried within three years of her husband’s death?
|4. The surviving spouse might make lifetime gifts, which excludes the deceased spouse’s biological children; and
5. The surviving spouse’s biological children might influence him or her to disinherit the deceased spouse’s biological children.
Beware of the dangers that lurk behind you and your 2nd spouse’s wishful thinking. Have you heard the following excuses? Visit our website to learn more.