Blended families are increasingly common. The typical blended family consists of a couple, their children from any relationships, as well as children from their current union.
Estate planning can help you and your spouse/partner take care of each other while also fairly distributing your assets between your children. It can address concerns you may have about the current or future spouses of your children. It can protect your grandchildren’s inheritance. The traditional “I love you” will, where everything is left outright to the surviving spouse, does not address these concerns. Transferring your assets through trusts or other arrangements may be a better option.
Thoughtful estate planning helps you create a plan to align with your interests, values and concerns.