Another Family? Keep the Money Straight.
TOM LAURICELLA
Wall Street Journal
For older adults who are young at heart, a second marriage can bring comfort and companionship. But tying the knot in later life also can bring financial complications, which -- for most people -- weren't an issue the first time around. Unlike young newlyweds, where a tough decision might involve merging music or movie collections, older couples have paid-off houses, retirement accounts and life-insurance policies to consider.
There's planning for long-term health needs that, unfortunately, might arise in the not-too-distant future. And to make matters more difficult, there can be children and grandchildren on both sides of marriage, many or all of whom might have conflicting interests and loyalties. Divorces, too, can be more complicated for the same reasons.
Source: http://online.wsj.com/article/SB120917358496846729.html?mod=googlenews_wsj