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the divorced spouse become void by operation of law. As soon as they remarry, the law gives them the right to receive a share of their new spouse's estate, in the absence of a valid marital settlement agreement to the contrary. Let's say you and your wife have mutual wills that leave everything to each other and then to the children upon death of the surviving spouse. If you die first and your wife fails to protect the children by entering into a property settlement with her new husband, your children will have to share her estate with the second husband if she dies before he does.What is the surviving spouse's "elective share" of the "elective estate"?It doesn't matter if the second marriage lasts 50 years or 50 minutes. In the absence of a valid prenuptial or postnuptial agreement to the contrary, the surviving spouse will receive an "elective share" or a "pretermitted spouse's share" of the estate. This is called the "pretermitted spouse's share." Thus, if your wife fails to make a new will after she remarries, her second husband will be entitled to claim 50 percent of her probate Nike Air Max Women Orange estate, even if her old will left everything to your children.You can protect your children by planning for the second marriage today!Why would anyone choose 30 percent of the "elective estate" over 50 percent of the probate estate? Because the "elective estate" includes property that passes outside of probate including, but not limited to, the decedent's ownership interest in POD accounts, joint tenancy property, trust accounts, the cash surrender value of life insurance policies, pension plans, retirement accounts, and even certain property transferred during the one year period before death. Nowadays, most people have as much money invested in assets that will pass outside of the probate process, but the Air Max 2016 Style

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surviving spouse can count those assets in calculating his or her "elective share" of the "elective estate." In summary, the law will protect your surviving spouse after you die. It's up to you to protect your children by planning your estate before you enter into any new marriage contracts.

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married couple today. As soon as they get divorced, any provisions in their wills in favor of Air Max 2017 Triple Black

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Nike Air Max Women Orange

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Nike Air Max Women Orange

Nike Air Max Women Orange

Nike Air Max Women Orange

Nike Air Max Women Orange

According to the National Center for Health Statistics, there is one divorce for every two marriages since the year 2000. According to the Florida Supreme Court: "The institution of marriage has been a cornerstone of western civilization for thousands of years and is the most important type of contract ever formed." Clearly, some people do not revere the institution of marriage as much as the courts do. Most attorneys encourage their clients to revisit their wills in the event of a subsequent marriage or divorce. This is not just because the attorney wants to make more money, but rather, because the law attaches independent significance to these events, which may or may not be consistent with your estate plans.Consider the typical Air Max 2017 Kids

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