Blended families are beautiful blends of love, but things can get complicated when it comes to estate planning. Here’s why having a solid estate plan is crucial for blended families:
Providing For Stepchildren
Blended families often include stepchildren who may not be legally recognized as heirs under state intestacy laws if there is no will or trust in place. By creating an estate plan, you can ensure everyone in your family is included and no one is inadvertently left out.
Clarifying Your Wishes
An estate plan is more than just a set of legal documents—it’s a reflection of your values and wishes for your family’s future. It’s especially important to make these values known in blended families. By clearly outlining how you want your assets distributed, you can prevent misunderstandings and hard feelings down the road.
Nominating Guardians
If your blended family includes children below the age of 18, you may want to consider setting up trusts so each child gets their inheritance at an appropriate age or stage of life. Also, be sure to designate legal guardians for minor children in the event both parents pass away unexpectedly. Be sure to nominate both temporary and permanent legal guardians.
Ready to ensure your blended family’s future?
Take the first step towards protecting your blended family today by reserving a 30-minute consultation with attorney Michelle Bell. This is a 30-minute meeting where we will answer your questions and tell you the next steps! If we decide we’re a good fit to work together, we’ll schedule your Legacy of Love Planning Session. And if not, that’s fine too! Book your 30-minute consultation HERE.
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