Do you have kids from a prior marriage? Estate planning may be quite a bit more complicated in this situation.
Here are some things to consider:
- How to balance the needs of your current spouse and children from previous relationship.
- Using Trusts to ensure all beneficiaries are provided for.
- Think through inheritance timing and distribution.
- Use Life Insurance as an estate planning tool.
- Regularly reviewing and updating your plan as family dynamics change.
Carefully thinking through these things will help prevent big conflicts for all members of blended families.
Come speak with one of our Estate Planning attorneys for guidance and the best way to take care of your spouse and children.