Whether your first spouse passed away or your marriage ended in divorce, your children may have had h2 opinions about your decision to remarry. A second marriage requires careful planning, especially if you already have substantial assets or are blending children from previous relationships. However, one plan often goes overlooked at times like this, and that is your estate plan.
The last thing you want after you pass away is for your children and spouse to become embroiled in a battle over your assets. Nevertheless, this happens more frequently when stepparents, particularly a stepmother is involved. Statistically, about half of the estate challenges probate courts hear are between the deceased’s children and their stepmother.
It is seldom a matter of the evil stepmother of fairytales stealing the birthright of the child. Rather, it is often a question of who has rights to the estate. If you have not revisited your estate plan since you remarried, your loved ones may be at risk. Old and obsolete beneficiary designations may leave your children and spouse confused and hurt, which could result in them spending much of their inheritance in expensive legal challenges. Factors that increase the chances of a battle over your estate include the following:
Of course, if your last days are marked with illness or dementia, your children may perceive your spouse as taking advantage of your vulnerable condition to improve the circumstances for herself and her children. This may include accusations of missing property or of undue influence over your estate plan and financial actions.
Creating a solid and relevant estate plan while you are still healthy and able to communicate is one way to avoid many of the potential issues of probate when stepparents are in the picture. You may discuss with your North Carolina attorney the best options for avoiding such contests and disputes.