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Posted by Skyseoroundtable on August 30th, 2023
Love May be Lovelier- but it is also a whole lot more complicated the second time around!
Can’t wait to share the news about your new romance? My advice is to share your happy news with a supportive friend. Based on my work with over 15,000 families, I can tell you that your adult children will likely be less than thrilled with the news!
A common objection to a parent’s remarriage is that the divorce rate for those in second (or third or fourth…) marriages exceeds 60%!
Second marriages have special complications that require thoughtful planning. A few tips to consider:
A good solution is to grant the surviving spouse a ‘Right of Occupancy’ in the house. This can be done within a will or trust and gives the survivor the right to reside in the home until “the earlier of her death, voluntary vacatur, or a fixed number of years. To avoid “blended family warfare” though, the planning documents should very clearly spell out who is responsible for what expenses.
The bottom line is that putting things in writing is preferable to a simple discussion. A written document guards against faulty recollections and differing expectations. www.myelderlawattorney.com
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About the AuthorSkyseoroundtable
Joined: June 24th, 2022
Articles Posted: 661
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