Docstoc

Estate Planning for Couples

Document Sample
Estate Planning for Couples Powered By Docstoc
					                          Estate Planning for Couples – One Lawyer, or Two

A recent article in Forbes magazine highlights some of the potential issues that may lead a couple to
choose separate attorneys when creating their estate plans. Though having individual lawyers is not a
requirement for estate planning, it is beneficial in some situations. If you are a couple and have any of
the following situations present in your relationship, you may want to consider hiring separate estate
planning lawyers.

There Is a Big Difference in Finances or Age
If one partner is significantly older than the other, or one of you is financially dependent on the other,
this may be enough to hire separate estate planning lawyers. Also, if one of you owns significantly
more property than the other, or if you have entered into a prenuptial agreement, you'll probably
want to at least have your own lawyer review any estate plan you make.

Mixed Families and Prior Relationships
If you or your spouse has had multiple marriages or children from prior relationships, separate lawyers
may be a good idea. This is especially true if you have children from your current relationship as well
as a prior relationship because your plan can significantly impact what inheritance your children are
entitled to.

Family Secrets
If there is any secret you haven't told your spouse or anything you are reluctant to discuss, a separate
estate planning lawyer is likely necessary. Your attorney is bound by confidentiality rules to keep your
personal information secret, and you should always feel free to discuss any issue with your estate
planning lawyer so he or she can give you good advice.

Experienced estate planning attorneys Fayetteville AR of the Deborah Sexton Law Office PA offers
estate planning and business planning resources to residents of Fayetteville AR. To learn more about
these free resources, please visit http://www.arkansas-estateplanning.com today.

				
DOCUMENT INFO
Description: A recent article in Forbes magazine highlights some of the potential issues that may lead a couple to choose separate attorneys when creating their estate plans.