Coastal Senior is a monthly periodical published in Savannah, Georgia and circulated throughout the Georgia and South Carolina low country. Bob Mason is its legal columnist.

A month or so ago I suggested that a husband think carefully – very carefully – before electing early Social Security benefits. This month I’m going to really step out and suggest, for terribly unromantic reasons, that you plan carefully – very carefully – before going into a later-in-life second marriage. The religious prescription not to enter a marriage “unadvisedly or lightly” applies in spades to a later marriage. 

“Bob,” you may ask, “are you suggesting we see an attorney before the preacher?” And I would answer: “Yes.” Here’s why.

Some of the biggest (and most expensive) messes I have had to clean up have been after the death of a second spouse when there had been little or no planning. Adult step-siblings (who may not even know or like each other) can be counted on to be looking out for whatever it is that they believe their natural parents accumulated for them.

Most “planning” I have seen is a simple verbal agreement that “what is your is yours, and what is mine is mine.” That won’t cut it. All couples are different, but here is a partial list of issues that may be important. 

Estate plans. The worst plan might be simple “I love you wills” that leave everything to the surviving spouse with the understanding that she will “do right”. Even with wills that leave everything to the children of the deceased spouse, there may be problems with an “elective share” statute. 

Georgia does not have an “elective share” statute, but most other states (including North Carolina and South Carolina) do. Most elective share statutes enable a surviving spouse to “elect” a share of around 1/3 of the deceased spouse’s estate if he or she does not like what was left in a will. 

In fact, one South Carolina case has been making waves. The deceased founder of Hooters (you know . . . the restaurant famous for . . . large burgers and chicken wings) left $1 million a year for 20 years to his fairly younger surviving spouse. She felt $20 mil wasn’t enough, so she elected for 1/3 of Mr. Hooter’s estate. Mr. Hooter’s son (not the widow Hooter’s son, by the way) has objected and claims the South Carolina elective share statute is unconstitutional. Yours truly believes that argument has as much chance as a Hoot Owl in, well, Horry County. 

Get a prenuptial (or premarital) agreement. Those sorts of difficulties can be addressed in such an agreement. 

The Family Home. Naturally the newlyweds do not want to see the bride or groom evicted upon the death of the other. On the other hand, children can become quite emotional over what may be perceived as “their home”. Chances are putting the house in both spouse’s names is not a good idea. Try a life estate, or maybe a trust.

Social Security Benefits. Remarriage can affect the Social Security benefits a newlywed had been receiving under a deceased or divorced spouse’s account. If you divorce after 10 years or more of marriage, you can collect retirement benefits on your former spouse’s Social Security record if you are at least age 62 and if your former spouse is entitled to or receiving benefits. If you remarry before age 60, however, you generally cannot collect benefits on your former spouse’s record unless your later marriage ends (whether by death, divorce, or annulment). 

Annuities and Survivors Pension Payments. You might be kissing a hefty survivor’s pension (corporate or military) goodbye when you kiss your new spouse. Check them all out before heading to the altar. 

Income Taxes. There may be some tax planning advantages to marrying if estate taxes are a concern because many planning techniques are available to married couples only. Income taxes might also drop if one spouse is earning significantly more than his or her new spouse. On the other hand, many income tax breaks phase out for couples at less than twice the phase-out level for a single person. 

Long Term Care (Nursing Home) Planning. A big consideration for older people considering remarriage. The state does not care at all what sorts of plans or promises a couple has made when it comes to Medicaid and nursing home benefits. A carefully drafted prenuptial agreement is worthless. All Medicaid programs consider the assets of the couple. While rare, some couples have divorced within a few years of marriage when one spouse in declining health (usually the “poorer” spouse) has entered a nursing home.

It may be sad to see, but many couples are electing to do exactly what they would have DIED seeing a child do 30 years ago . . . moving in with a boyfriend or girlfriend!