Estate Planning For Blended Families

This is particularly true for blended families.

Estate planning for blended families.

Dan murphy a financial planner at greater good financial has three children from a previous marriage and one with his current wife although everyone is on good terms he recognizes that anything can happen. Depending on a family s situation and needs an estate planning attorney can help select and execute one of the following strategies. Writing a will isn t exactly the most fun but it s important. Typically spouses in a first marriage own assets jointly and distribute assets upon death to the surviving spouse and then to the children equally.

Estate planning for blended families second marriage and step children require special planning to ensure your spouse and your children are protected. In estate planning for blended families. Estate planning for blended families is a form of asset protection. Premarital and marital agreements.

Balancing your planning for spouses children and stepchildren in estate planning for blended families. Estate planning for blended families is the first book for parents in second marriages who want to provide both for their current spouse and their children from the current and prior marriages. Gives advices and focuses on techniques of estate. These agreements should address.

By judy martel when it comes to estate planning for a blended family the concept of yours mine and ours can complicate the process to the point that family dynamics become permanently strained. Estate planning for blended families outlines estate planning specifically for blended families addressing the special concerns and issues that may arise from the process in this very special of circumstances. Mike and carol brady were the iconic blended family each bringing 3 children into the marriage and raising them as one big happy family. By providing various examples of different blended families l.

I wonder what their estate planning looked like. Estate planning tips for blended families spouses in a first marriage generally have estate planning goals that are aligned because most of the time there are no children from prior relationships. Estate planning for blended families. Author richard barnes has years of experience guiding couples through the process of setting goals discussing competing priorities and choosing.

Identifying your goals and concerns in estate planning for blended families.