WILLS AND TRUSTS IN MIAMI BEACH, FL-HOW DO THEY WORK IN THE CASE OF SECOND OR THIRD MARRIAGES AND SEPARATE KIDS AND ASSETS?
In the case of second marriages and those thereafter, estate planning plays an important role. Estate planning can be used to separate assets and plan for a peaceful passing away with no fighting among the kids and the second or third spouse. This is extremely important as the fighting usually begins at the time of the loved one’s death and can be mitigated as much as possible with good planning.
HOW DOES ESTATE PLANNING WORK FOR SECOND MARRIAGES?
Estate planning in Miami Beach, FL works for second marriages in that it can be created with both the spouse and kids in mind. For example, I recently did estate planning for a couple in second marriages with each spouse having separate adult children. In this scenario, proper planning is vital to protect both the surviving spouse and children.
WHY DO WE DO TWO TRUSTS INSTEAD OF ONE?
Each individual maximizes protections by having their own trust. For example, a second marriage couple has assets that they accumulated before the marriage, these assets can be placed into their own trust and go directly to their children upon their death. This helps to keep everything peaceful as possible upon their death.
In some cases, spouses of second marriages choose to comingle and share all of their assets and create trusts that mirror each other and include all of the children together as beneficiaries. Either way works, all estate planning is personal and I help to facilitate the best option for each individual family or situation.
WHY SHOULD YOU USE ALLY M. GLASER, PA TO HANDLE YOUR WILLS AND TRUSTS, ESTATE PLANNING IN MIAMI BEACH AND MIAMI-DADE AND BROWARD PROBATE MATTERS?
As a Miami Beach Wills and Trusts, Estate Planning, and Probate Attorney in Miami Beach with over twenty-five years of experience and both a Psychology and Law degree, I handle these matters with care and sensitivity. I am familiar and comfortable with both the Broward County and Miami-Dade probate court system and know how to get things done. Call or email me today to discuss your Estate Planning, Wills and Trusts, and Broward or Miami-Dade County Probate matters. I am happy to help you and your loved ones.