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Never Too Late for Love

By Gerry W. Beyer

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Cupid’s arrow can strike its mark anytime in life. But when love’s intoxicating effects overcome older adults, it can occur during a time when planning involves nursing homes rather than baby bottles. There is, of course, nothing wrong with this, but estate and financial planning choices must be made at this time that may not have seemed so vital in a person’s twenties or thirties. These decisions involve long-term healthcare, planning for when one spouse is incapacitated, and altering intended beneficiaries. In addition to these concerns, the risk of divorce still exists for marriage later in life. With this risk comes the possibility of a disparity in assets between the spouses. Such imbalances demand careful preparation and knowledgeable advisors for estate planning needs.

See Bernard A. Krooks, Never Too Old for Love, Wealth Management.com, May 1, 2018.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.) for bringing this article to my attention.

Posted in:
Death Event Planning, Disability Planning - Health Care, Disability Planning - Property Management, Elder Law, Estate Planning - Generally and Guardianship