A common provision in wills and trusts, where one of the couple in a second marriage owns the marital home, goes something like this “My surviving spouse shall have the right to reside in the home for so long as he/she desires, provided he/she pays all taxes and insurance premiums…
Articles Posted in Blended Families Estate Planning
The IRA Contract
Pioneered by Ettinger Law Firm, the IRA Contract solves a technical problem that arises when a spouse in a second marriage wishes to leave their IRA, or other qualified plan, to the husband or wife but also wants the unused funds to go to their children from a previous marriage…
Second Marriage Planning – The Lawyer as Co-Trustee
By Michael Ettinger, Esq. One of the situations that call for the lawyer to recommend himself as trustee is in second marriage planning. It is a firmly established legal principal that there is no ethical prohibition against the attorney recommending himself to act as a trustee on behalf of a…
Estate Planning for Second Marriages – Thoughtfulness Required
by Michael Ettinger, Esq. With people living much longer than in the past, the frequency of remarriage is increasing, even in later years. This latter phenomenon is raising a host of elder law estate planning issues. On the other hand, we are also seeing with increasing frequency the blended family…