Different living arrangements. New family members. When a person remarries, there are typically a lot of adjustments to make. Although financial and estate planning issues may not surface immediately, the sooner a new couple tackles money matters, the better. These matters include:
- Sharing information
- Merging assets
- Protecting your loved ones
- Planning your estate
It will be important for you to discuss your estate planning goals with each other and your professional advisors. You may decide you should establish one or more trusts, especially if children are involved. Trusts are useful and flexible planning tools that can help you provide for your surviving spouse and children and accomplish other objectives.
If you plan to remarry and have any questions on your estate, contact an experienced trust and estate professional at 585-419-0670.
This material is provided for general information purposes only and is not a recommendation or solicitation to buy or sell any particular security, product or service. Past performance is not indicative of future investment results. Any investment involves potential risk, including potential loss of capital. Before making any investment decision, please consult your legal, tax and financial advisors. Non-deposit investment products are not bank deposits and are not insured or guaranteed by Canandaigua National Bank & Trust, or any federal or state government or agency and are subject to investment risks, including possible loss of principal amount invested.