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Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself.
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Second Marriages

Home / Real Estate /
 Can Our Father’s Widow Sell Her Life Estate in the Family Home?
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By Harry Margolis
In Real Estate, Second Marriages
Posted September 27, 2019

Can Our Father’s Widow Sell Her Life Estate in the Family Home?

Question: My father remarried after my mother died. He was in his sixties. He owned our family home and had no mortgage or liens. He never put his second wife on the deed because he wanted to [...]

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By Harry Margolis
In Estate and Gift Taxes, Second Marriages
Posted February 16, 2018

QTIP Trust Can Give Husband Right to Income But Preserve Asset for Children

Question: I have family business interest in an LLC and an S-Corp which own commercial real estate and generate my income from rent. I would like to leave this interest to my 4 children (2 are [...]

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 How Can a Spouse in a Second Marriage Protect Her Assets?
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By Harry Margolis
In Asset Protection, Second Marriages
Posted October 13, 2017

How Can a Spouse in a Second Marriage Protect Her Assets?

Question: My mother is on a second marriage. What kind of trusts can you set up to protect her money from a previous marriage? Response: The answer depends a bit on what risks your mother is [...]

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By Harry Margolis
In Asset Protection, Long-Term Care Planning, Second Marriages
Posted October 13, 2017

Can Husband Transfer Assets to Protect Them from Second Wife’s Creditors?

Question: My father is in a second marriage and wanted to gift his money to me to protect it from the debts of his spouse and wife’s family. The plan would be to use this gifted money for [...]

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 A Life Estate Interest can be Conveyed But Not Extended
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By Harry Margolis
In Second Marriages
Posted September 29, 2017

A Life Estate Interest can be Conveyed But Not Extended

Question: My father remarried and wants to grant life estate rights to his new wife. In the event of his death, if she were to remarry, can she grant life estate rights to her new spouse? [...]

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 Should You Remarry?
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By Harry Margolis
In Second Marriages
Posted May 19, 2017

Should You Remarry?

Of course, decisions about marriage are based more on feelings of love and need for companionship and security than on legal and financial concerns. But marriage has legal and financial [...]

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 Planning for the Second (or Third or Fourth?) Marriage or Relationship
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By Harry Margolis
In Non-Traditional Families, Second Marriages
Posted May 12, 2017

Planning for the Second (or Third or Fourth?) Marriage or Relationship

If you’re getting married or you’re in a committed relationship and this is not your first gig, you and your fiance or partner should consider a prenuptial agreement or, if you’re not [...]

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 What’s a QTIP Trust and Why Would You Want One? Here are 7 Reasons
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By Harry Margolis
In Asset Protection, Estate and Gift Taxes, Second Marriages
Posted May 12, 2017

What’s a QTIP Trust and Why Would You Want One? Here are 7 Reasons

So, what’s a QTIP trust? “QTIP” stands for qualified terminable interest property, total legal gobbeldygook, right? So forget the words. What it means is a trust that you leave [...]

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 12 Questions to Answer Before Using Online Estate Planning Programs
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By Harry Margolis
In Practical Matters, Second Marriages, Wills
Posted April 21, 2017

12 Questions to Answer Before Using Online Estate Planning Programs

Most of us want to avoid or minimize legal fees, even those of us who are lawyers. You can do this for your estate planning by using an online service, such as LegalZoom or Rocket Lawyer, or [...]

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Categories
  • Asset Protection (33)
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  • Long-Term Care Planning (136)
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  • Second Marriages (9)
  • Social Security (16)
  • Special Needs Planning (59)
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