Insights & News

May 2009
Estate Planning

Divorce, Remarriage Can Make Estate Planning Especially Challenging

After 15 years in their second marriage, the husband was preparing to retire with $1 million in his IRA, and the wife, who had been a stay-at-home mom, was shocked to learn she had no ownership rights to the account. "She was devastated," said Lyn Dippel, a lawyer and financial planner at Financial Advantage in Baltimore. "She had raised the kids all this time and had no money to leave her two kids from a former marriage."

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