These days it is not uncommon for people to have blended families made up of stepchildren, current spouses, former spouses, and a multitude of in-laws. When it comes to estate planning these situations can complicate things.
You may have children from a previous marriage plus children with your current spouse. When you got married the second time, you may have brought assets into the relationship that were established with your previous partner.
Creating an estate plan that accounts for all of these factors may be a little more difficult, but it’s not impossible. Here are some tips to help you get started.
Tips | Estate Lawyers in Cary NC
- Set aside some time to think about your goals. What do you want to happen to your assets, including your home, car, and other property, personal items like jewelry, and retirement and investment accounts? Have your spouse outline his or her goals to see if you are on the same page about certain things, such as the home you own together.
- Work out who you want to get your assets. Be specific. It’s okay if you want certain items to go to your children, such as your grandmother’s wedding ring, that you may not leave to your spouse’s children. If you feel there may be disappointment or tension among the children, explain to them your reasons for your decisions.
In our next blog post, we will have more tips that should help you with estate planning for a blended family. Be sure to visit back with us soon.
Having an estate plan that's valid is important. You want to make sure you include everyone in the documents. Estate lawyers in Cary NC can help you get started. Also, it's important to keep your current plan updated each year. We can help with that, as well.
Remember, if you don’t have an estate plan in place or haven’t reviewed yours in several years, now might be the best time to start. Our estate lawyers in Cary NC is here to help you get your estate planning in order and ready should you pass in an untimely manner or become incapacitated at some point. It’s better to be safe than sorry when it comes to an estate plan. Contact our office today to get started estate planning.
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