Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Monday, March 2, 2015

Considerations for Blended Families

FamilySecond marriages bring additional estate planning considerations, especially when children from past relationships are involved. Here are some tips for addressing a blended family in estate planning:

  • Communicate with the your new-spouse and any adult children regarding your current financial situation, and desires for distribution of those assets.
  • Set up a trust to make sure both the surviving spouse and the children of the first deceased spouse are provided for.
  • Update power of attorney, advance health care directives, and any forms with beneficiary designations.
  • Prepare and share a list of personal and work contacts with your new spouse.

See Alexandra Smyser, Estate Planning for Blended Families, Huffington Post, Feb. 27, 2015.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2015/03/considerations-for-blended-families.html

Estate Planning - Generally | Permalink

TrackBack URL for this entry:

https://www.typepad.com/services/trackback/6a00d8341bfae553ef01b7c757053b970b

Listed below are links to weblogs that reference Considerations for Blended Families:

Comments

Post a comment