Two Spouses Can Have Separate Estate Plans, But Be Careful.
Passing It On: Estate Planning for Families · Michael Pevney
October 26, 20232m 3s
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Show Notes
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com two spouses can have two separate estate plans, but be very careful, especially if you live in a community property state. Typically, unless there is a prenuptial agreement, prenup, or a post up, I will want to create one trust for both spouses. The reason is things can get very messy once the first spouse passes away. There are some ways to write a trust around this, but it's going to involve one spouse, likely giving up some of their rights to that property.#LivingTrust #EstatePlan #Pevney #FillThatBucket #Divorce #BlendedFamily