Ah, the pursuit of love and companionship is one many embark on. As ABC and its beloved “Bachelor” series has most recently capitalized on, this quest is not just for the young, but for the young at heart, at any age. Yet, when there is a marriage later in life, the financial considerations are often different as there are likely other factors involved in the overall marital situation – such as complying with the financial requirements of a prior divorce decree, or making provisions for adult children and/or grandchildren, or addressing how health care decisions are to be made or ensuring what happens if one spouse passes away before the other.
There are a variety of devices that may be employed to help smooth this process and transition – not just for the future intended parties, but also for their families. Prenuptial Agreements, Trusts, Wills, Health Care Proxies, Living Wills, and specific provisions pertaining to the disposition of property in either the event of death or divorce should be carefully reviewed and provided for in advance, so as to minimize any future potential ambiguity or animosity.
At Sahn Ward Braff Koblenz Coschignano PLLC, we are well-versed in providing guidance and the legal tools necessary to address these issues. We welcome the opportunity for our Family Law Attorneys as well as our Trust and Estate Attorneys to discuss with you further, as you and your family prepare for the next chapter in life.
Erika Conti, Partner Sahn Ward Braff Koblenz Coschignano PLLC
Matrimonial & Family Practice Group