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TMN Money in your Pocket Minute 051917

By Clip Syndicate
Rick Reagan has the latest in the money world.

http://eplayer.clipsyndicate.com/view/12463/6923839 Video: TMN Money in your Pocket Minute 051917
Rick Reagan has the latest in the money world.
http://chic.clipsyndicate.com/video/playlist/12463/6923839?cpt=8&wpid=2637 Fri, 19 May 2017 10:46:12 +0000 TMN Money in your Pocket Minute 051917 Rick Reagan has the latest in the money world. http://chic.clipsyndicate.com/video/playlist/12463/6923839?cpt=8&wpid=2637 WSYR ABC 9 Syracuse rick: with people living longer and longer many seniors are entering into second or even third marriages. and that presents its own challenges when it comes to finances. so if you're looking to get married in your second or third marriage and you're a senior here's some steps i recommend. the first one, actually we'd recommend this no matter what age you are, that is to disclose all finances. and usually when you're a senior you've got some assets that are built up that you're going to want to decide who you're going to use or what assets you're going to be using. but importantly, especially if you've got adult children, you need to have the discussion of what is going to happen with those assets if one of you dies. because often i'll hear 'i want to take care of my spouse but i want my kids to get an inheritance". so that takes some special planning that you want to get decided on and onboard. and i think really importantly you want to make sure you communicate that decision with the adult children. let them know so if one of you does die there's not going to be resentment over what is happening with the finances. once you've got an agreement on everything make sure that you get it in writing and establish a prenuptial agreement. it just makes sense. with your money in your pocket minute, i'm rick





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