(561) 935-9763
Maura Curran, Attorney
Jupiter, FL 33458

Estate Planning Considerations for Partners of different ages

Howdy there, folks!

So, picture this: you’re in a situation where your partner is a bit more seasoned or a tad younger than you. The future might look a touch different for each of you. But hey, fear not! We’re here to chat about estate planning, and we’re gonna make it as easy as kicking a football.

Now, when it comes to couples who’ve got a bit of an age gap, planning for the long haul takes a wee bit of a twist. It’s like being on a soccer pitch with different strategies for each player. To make sure you’re all set up, you and your better half need to huddle up and chat about your financial and estate game plan.

First things first, let’s talk about work. Are one or both of you clocking in at the moment? If you’re both working, deciding to hang up those work boots can change the game. And when the day comes for both of you to retire or switch gears, it’s good to chat about what you want to do with your time. Maybe one’s dreaming of globetrotting while the other fancies starting a business. Don’t worry, folks, teamwork makes the dream work!

Now, let’s tackle the cash side of things. When retirement’s on the horizon, it’s like the final whistle’s about to blow on that job income. Your retirement accounts can be like that golden goal, but it’s gonna need a bit of strategizing. Chat about when you see yourselves retiring. If you’re planning to hang up your boots soon, having a sit-down with a financial guru can be a game-changer. And remember, if both of you are sailing into the sunset of retirement, you’ll need to make sure you’ve got enough moolah from other sources to keep living your best lives.

Oh, and speaking of plans, don’t forget about those retirement account withdrawals. You might need a game plan for that. If it’s all a bit fuzzy, a financial advisor can be your trusty coach in this department. Also, if there’s an age gap on the team, make sure you’re thinking about how those retirement funds will be passed down the field. Will they be shared with the younger player for the long haul? Make sure you’ve got a solid strategy there.

Now, let’s talk about crafting a winning estate plan. It’s like setting up the perfect play to secure your legacy. If you don’t, your state’s rules might decide who gets what when you’re no longer in the game. So, let’s chat about who’s gonna make the calls when you’re not around. Trusted decision-makers are like the star players, but have some backups ready, just in case. And if there are kiddos in the mix from different matches, you’ll want to think about how you wanna pass the captain’s armband.

Who’s gonna score that inheritance when you’re off the field? If it’s your partner, do you want them to get it all in one go or play it safe with a trust? And if you’re leaving something for the kids, is it gonna be an instant kickoff or a waiting game? And if you’ve got teammates from previous matches, how are you divvying up the trophies?

Alright, folks, these are just a few of the plays you and your partner should be considering asyou plan your future. If you’re ready to huddle up and get your estate plan in tip-top shape, giveus a shout! We’re here to help you score big on the field of life.Cheers to your future, and remember, it’s the teamwork that makes the dream work!