Special Estate Planning Considerations for Couples with an Age Gap

Planning is often a joint effort for those who are married, especially for couples of similar ages. If you and your spouse have a significant age gap, however, you may hold different visions of the future. Comprehensive financial and estate plans are required to protect yourself and your loved ones. Start with an honest and open conversation with your spouse. Here are some topics you should discuss in order to ensure your plans work as intended.

Differing Views on Employment

You might rely on a job to provide health insurance and income for yourself and your spouse. However, a job can also burn up a significant amount of your time. Therefore, it is important to discuss the following questions regarding the future of your employment.

Managing Your Finances

If either of you stop working, it will lead to the loss of at least one source of income. Many people depend on their retirement accounts to fill this gap. Even so, this does not occur overnight. Making a smooth transition requires advance planning. As a married couple, it’s important that you discuss the following topics, which can ensure your financial security:

Estate Planning Considerations

Crafting your estate plan is an excellent way to guarantee those you love are cared for. If you don’t create your own estate plan, Florida law will determine who gets your property and other assets when you pass away, as well as who will decide for you if you cannot make healthcare decisions for yourself. As you review or start building your estate plan, the questions below will touch on crucial issues you should take time to consider.
These are only a few of the considerations you and your spouse should be aware of as you move forward. If you are ready to take the next steps in crafting your estate plan, call us now at 904-552-4008. Press option 1 to schedule a free consultation; we’re available 24/7 to speak with you.
Have questions? Call us, we’re available 24/7 to speak with you and help you get started.
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