Special Considerations of Estate Planning for Blended Families
Estate planning for blended families can get complicated.
For example, you may wish to leave your house or other assets to your children after your death. However, if this property is distributed to your children, these assets will not be available for your surviving spouse and may leave your spouse vulnerable if they have insufficient assets to provide for their needs. If you leave your spouse your house or other assets, then this becomes part of your spouse’s estate, and these assets may not be distributed to your children or other family members after your spouse’s death. In addition, there are often other family dynamics that must be considered to avoid unnecessary conflict should you become incapacitated or pass away.
The Law Office of Carol A. Fauerbach can you help you:
- Develop an estate plan to provide for the children of the first spouse to die while also providing resources for the benefit of the surviving spouse
- Plan for the fair administration of the estate that will protect both the deceased spouse’s beneficiaries and the surviving spouse
- Develop an estate plan that is customized to meet the specific needs of both you and your loved ones