Estate Planning for the Blended Family
Balancing the needs of a multi-generational blended family with your own wishes can be a complicated task, especially when it comes to estate planning. With a majority of Americans not only marrying once, but twice, three or even four times during their lives, it is a challenge that will come to many.
Even when blended family members get along, estate planning can be complicated. The potential for acrimony among family members can be so great that some people choose to avoid addressing the issue of who will inherit what altogether. However, as any estate planning attorney will tell you, having no plan is not a good plan.
Overall, an effective estate plan for a blended family will ensure that:
- Any ex-spouses do not inherit;
- Your own children are protected and provided for;
- Your current spouse is provided for;
- Any estate taxes are minimized.
Estate plans are as individualistic as the families they cover, so it is always advisable to consult with an expert before finalizing your plan. Although there are a plethora of online resources and books on the subject, estate planning for the blended family does not make a good do-it-yourself project.
Natalia Ouellette-Grice can provide you with the individual attention you need to create an estate plan for your blended family. If you’d like to learn more about estate planning for blended families, call our office today to schedule a time for us to sit down and talk.
We normally charge $850 for a Family Legacy Planning session, but because this planning is so important, I’ve made space for the next two people who mention this article and complete our Wealth Asset Inventory, to have a complete planning session at no charge. The three steps for your complete complimentary planning session are 1) Call 813-480-2106 today or email LegalAdmin@lcolawfl.com, 2) mention this article and schedule your session, and 3) request the Wealth Asset inventory sheet (due 48 hours in advance of your appointment via email!).