A: Yes! If you don’t have an estate plan, now is the time to create one. If you do have an estate plan, you should carefully consider whether it needs to be updated in light of your new marriage. Complicated community property laws and inheritance laws can frustrate your desired distribution of your assets if you are the first spouse to pass. Additionally, your new spouse could remarry or simply not have any desire to provide financially for your children after you have passed. Your children may be concerned that your new spouse and his or her children will end up with all your assets, and your new spouse’s children may have similar concerns. This source of conflict can be easily prevented with a thoughtful estate plan.
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