Summary: An estate plan is an important piece of planning that almost everyone needs. Your legacy is too important to leave open to uncertainty and allowing uncertainty to enter the picture when it comes to your estate can lead to stress, expense and perhaps the need for courtroom litigation. By getting a comprehensive plan, you can to do everything possible to minimize these risks and uncertainties.
If you’ve read much about estate
planning, you know that just about everyone needs a plan. You may also know
that certain groups of people have things in their lives that make planning
especially important for them. A couple of these groups can include people with
blended families and people with non-traditional relationships. Procrastination
can often lead to problems, especially as you get older. A court case decided
last year offers a clear illustration of these things and what can go wrong
when you don’t plan properly.
Richard’s family situation, in some
ways, was not unlike many others. As a young man, he had gone overseas and
served in war. He came home, went to college and got married. He and his wife
had two children, a son and a daughter. Eventually, he and his wife divorced. Sometime
later, he married again and had three more children. He and his second wife
also divorced.
In other ways, though, Richard’s
situation was not typical. Richard and his second wife eventually reconciled
and resumed living together in the summer of 2012. They even discussed
remarriage with the reverend of the church where they attended together, but
they just never got around to setting a date
In addition to legally remarrying his
wife, another thing that Richard didn’t get around to doing was creating an
estate plan. By the fall of 2013, Richard became ill and was hospitalized. By
mid-December, Richard was seriously ill. At that time, he and his wife had a
wedding in the hospital. While the couple’s reverend provided the couple with
the sacrament of marriage, there was no marriage license. The reverend had gone
ahead with the ceremony to give Richard some “closure” regarding something
Richard regretted procrastinating and not completing while he was still
healthy.
Less than a week after the ceremony,
Richard died. When he died, Richard had no estate plan. Richard’s daughter by
his first marriage opened a probate case file. She listed four heirs at law:
herself, her brother and her two surviving half-siblings. The wife filed a
motion in the case, asking the court to declare her to be Richard’s surviving
spouse and, as such, an heir.
The dispute went before an Assistant
Clerk of Court, who ruled that, because the marriage wasn’t legal, the wife
wasn’t an heir. The wife appealed to Superior Court, but lost again, as that
court also ruled that she was merely an ex-spouse.
She took her case all the way to the
Court of Appeals, where she finally won. While, under the laws of their state,
the reverend committed a misdemeanor by performing the ceremony without the
license, that didn’t change the fact that the ceremony complied with all of the
requirements of state law. The lack of the license didn’t invalidate their
marriage and the wife was legally na heir to her late husband’s estate.
They key to take away from this is: an
estate plan could have saved this family all of this time, stress and expense.
With an estate plan, Richard could have clearly expressed his intentions for
his legacy by stating exactly how much he wanted to leave for his wife, for his
children and for everyone in his life. With a will or a living trust, you can
leave your wealth to anyone you want… even an ex-spouse. If Richard had a valid
estate plan, their marital status might not have been such an important legal
issue, because the wife would have been entitled to receive her distribution
under Richard’s plan regardless of whether they were legally married or legally
divorced.
This article is published by the Legacy Assurance Plan and is intended for general informational purposes only. Some information may not apply to your situation. It does not, nor is it intended, to constitute legal advice. You should consult with an attorney regarding any specific questions about probate, living probate or other estate planning matters. Legacy Assurance Plan is an estate planning services-company and is not a lawyer or law firm and is not engaged in the practice of law. For more information about this and other estate planning matters visit our website at www.legacyassuranceplan.com.
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