Protected Family Assets During a Late-Life Second Marriage

The McCoy Law Firm, LLC successfully protected a married couple's assets from a late life second marriage with a carefully drafted trust. Ten years earlier, husband and wife, who were married just over 40 years, hired the McCoy Law Firm, LLC to create a trust to protect their home and other assets. Following the wife's death from cancer, the husband found new love with a woman with whom he wanted to share the rest of his life. They made plans to marry and to live in husband's beautiful home. Prior to the wedding date, the husband made an appointment with the McCoy Law Firm, LLC for the purpose of terminating the trust. Since he was almost two decades older than his bride, he was concerned that his bride would be homeless following his death. The McCoy Law Firm, LLC explained that husband and his deceased wife had made a contract that continued to be enforceable following the death of either spouse and that the trust could not be terminated. It turned out that the bride had children who had similar concerns that their new stepfather would inherit all of their mother's assets. With careful counseling and strategic planning, the McCoy Law Firm, LLC was able to satisfy husband's fear that his bride would be homeless, while at the same time alleviating the concerns of all of the children that they would not inherit anything from their parents' respective estates. With these huge financial issues resolved, the happy couple and their families truly were able to enjoy the celebration of this second marriage.