Posted on: Friday, February 16th, 2018
Few things can shake up adult children more than a parent thinking about getting remarried late in life.
It comes up in two contexts – one much more difficult to deal with then the other:
First, there are simply competent older people who enjoy companionship and who have found someone that they click with. Being old doesn’t mean you have to be lonely, and the adult children of these lovebirds need to be supportive. In the context of talking through the “big decision,” it is good to make sure the parties understand the financial and legal implications of the decision to formalize their commitment to one another though marriage. It’s a good time to talk about estate plans, healthcare costs, and other topics that have nothing to do with love. Normally the best approach is a meeting with the family lawyer to discuss these issues and, among other things, what can or can’t be gained by a prenuptial agreement.
The second scenario is much more unsettling. This occurs when a lonely vulnerable adult becomes the target of a person of the opposite sex who is looking for financial gain, and unfortunately, marriage is one way to cash in. When this happens, the children will often see the new love interest interfering with their ability to visit and communicate with their parent, and for their visits, phone calls and emails to be monitored. If this is going on, get to a qualified attorney fast. It’s likely that bad things are already likely happening, and it’s only going to get worse.
To read more on this topic, click here to read the blogpost:http://plantobe100.com/2014/09/11/marriage-and-financial-exploitation/ Marriage and Financial Exploitation; and click here to read the article: My Kids, Your Kids, His Kids, Her Kids https://mielderlaw.com/wp-content/uploads/2013/05/Chalgian_7_12_2_my_kids_your_kids-MFDA.pdf.
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