Why are wills important in 2nd marriages?
There are many reasons. Your previous spouse and relatives may make a claim on the estate. You may even have forgotten that you named your ex on your insurance, in employment papers, a military will-statement, and other ways in which the ex actually receives death benefits. Many people actually have estate assets they do not remember – military, employment, forgotten little life insurance policies (which can grow to large amounts) and even claims against other relatives estates they are unaware of. For example, those who were in the service probably signed a statement that they wished their estate to go to their parents and named a previous spouse in other documents.. A will can post-date and therefore cancel all those other documents – even if they do not mention forgotten documents and assignments. A will is vital if children are involved. Your spouse as step-parent could find they have absolutely zero rights to even see the children – even if he/she raised a child for years if there
