Second Marriage

How do I protect my kids from my first marriage if I remarry?

A revocable living trust can help you provide for your new spouse while ensuring your children from your first marriage ultimately inherit your assets. You can structure the trust to give your spouse income or use of assets during their lifetime, with the remainder passing to your children after your spouse's death. This approach helps prevent your assets from accidentally going to your spouse's family instead of your own children. Many people also update beneficiary designations on retirement accounts and life insurance to reflect their blended family goals.