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Estate Planning for the Blended Family

June 2, 2019

 

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 (or more) 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;

  • Your current spouse is provided for;

  • Any estate taxes are minimized.  

Estate plans are as individual 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.

 

Our office 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 $750 for a Life Legacy Planning Session, but because this planning is so important, I’ve made space for the people who mention this article to have a complete planning session at no charge. Call 781-326-8300 today and mention this article. 

 

 

 

 

 

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What Families Need to Know About Debt After Death

April 20, 2019

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The Law Office of Jane E. DePalma

PO Box 4094

Dedham, Massachusetts 02027

phone: 781-326-8300 



Copyright 2013 The Law Office of Jane E. DePalma

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This web site may be considered advertising under Massachusetts Supreme Judicial Court Rules and other state ethical rules. Prior results do not guarantee a similar outcome.  The content of this web site is for informational purposes only and is not intended to provide legal advice, should not be relied upon in order to solve individual or general legal matters, and is not a substitute for personal consultation with legal counsel.  Specialization does not imply or infer expertise. This web page does not establish an attorney-client relationship.