This is the second part of a previous article relating to problems with second marriages and the transfer of assets at death. Here is a partial list of assets and the potential problems when titling is not updated.
No written agreement.
Most couples made a handshake and a kiss and promise to see that the other’s children would get everything that belongs to them. They are probably telling the truth but they have no idea of the results that can occur without planning. The following is a partial list of the titling of assets and the adverse results without proper planning.