I’m About To Get Remarried, What Kind Of Planning Should I Be Doing? – Bott & Associates

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Transcript:

00:01 [Music] Yeah, congrats. It’s always good to get married, right? I love love, but when it becomes a situation of financial and love, it can be quite hairy. In a remarage, um often there’s two two families that we’re talking about. You each have children of your own. You might even have a child together. So, when you’re getting remarried, let’s talk. Let’s have a plan in place that clearly states the instructions of which money is mine, which money is yours, what who gets what. If you want to benefit a joint child, let’s make sure

00:40 we we state that in the trust. If you want to have a joint house, let’s state how long should that house be there in case one person dies or do they just get the house and the other side of the family doesn’t get anything more. Right? This is the biggest biggest starting of a litigation in terms of like trust litigation, estate litigation. People fight all the time and it’s often blended families. So, it’s even more important to come in and plan for them. [Music]