July 2024
Lawyer for Life. Keeping your family healthy, wealthy and wise.
 

One estate planning document likely to come into play sooner rather than later, for most people is a power of attorney. Powers of attorney allow you, the principal, to name someone else to act on your behalf if you are unwilling or unable to act.

While there are several different kinds of powers of attorney, a financial POA can be used to ensure that you can still manage your bills and other money-related tasks even if you’re not the one executing on those tasks.

Powers of attorney can be given for broad financial powers or for very specific instances. It can be nerve-wracking to name someone else with broad powers to act on your behalf with regard to finances.
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Second marriages can present unique challenges when it comes to estate planning, particularly if you or your new spouse have children from previous marriages. Let's take a look at some of the factors, tools, and strategies to consider when planning for a second marriage.
A happy asian couple stands smiling in the driveway of a large house.

You've been married before, so you're a little bit older and a whole lot wiser the second (or third) time around. However, this doesn't mean you should throw caution to the wind. While it is hardly the most romantic aspect of planning a life together, many couples should at least discuss a prenuptial agreement. This is especially true if any of the following scenarios apply:

  • One of you is giving up a lucrative career to get married
  • You or your future spouse owns a business
  • Either of you has significant assets and wants to keep them separate from marital assets
  • One of you carries significant debt
  • There are children from a previous marriage
If you think a prenuptial agreement makes sense in your situation, the next question is when the documents should be prepared. The sooner the better is a good rule of thumb. This will avoid the appearance of coercion, which can render some prenuptial agreements null and void. Your documents should be signed at least one month before the wedding, preferably before the invitations are sent out. In addition, you and your future spouse should each have an attorney involved in the design and review of the prenuptial agreement.
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IN-PERSON SEMINARS

 

5 Strategies to Protect Senior Savings from Medical Costs

Thursday, July 25, 2024 • 2:00pm - 3:00pm

This easy to understand, one hour seminar will help you to learn how to protect your family and wealth.

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Should you have difficulty registering, please contact us at
(703) 448-6121 or olivia@miorinilaw.com.
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Olivia Pagan

Olivia Pagan recently joined our firm as our new Client Relations Coordinator!

 
Nick Phelps

Nick Phelps recently joined our firm as a paralegal!