Seniors who are divorced or widowed may seek companionship to ease loneliness and isolation. A new relationship may prompt you to think about remarrying to find the comfort of marriage again. Estate lawyers warn there are serious implications to consider before taking that step.
Before entering a new marriage, seniors should consider how it will affect any estate planning, retirement, family relationships with adult children, and future medical needs.
Obviously, a new spouse can affect any inheritance planned for surviving children of the original marriage. Given variations in state inheritance laws, it’s advisable to seek the advice of an attorney specializing in estate planning.
Entering a new marriage also can affect Social Security benefits. Survivor benefits from a deceased former spouse could be terminated. Medicaid benefits could also be affected depending on the new spouse’s financial situation.
We’re Working Hard to Improve Your Benefits
Here at Council of Seniors, we’re dedicated to getting Congress to pass The SAVE Benefits Act. We need this bill to make up for inadequate Social Security cost-of-iving adjustments (COLAs) that haven’t kept up with inflation in some recent years. If we succeed, the $581 that you deserved in your benefit could be coming your way.
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