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:
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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 |
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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? c. Why? |
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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?
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