Yours, Mine, and Ours Estate Planning for Blended Families

Every family is one-of-a-kind, following its own unique path and writing its own special story. However, if you are dealing with the complications of a “blended family”, know that you are not alone. In the U.S., approximately 40% of families are blended. *

What is a “Blended” Family?

A blended family, also referred to as a “stepfamily”, is generally defined as any household that results from a divorce or remarriage. This would include married couples in which one or both spouses have children from previous marriages but also may be extended to include:

• Families with children whose spouses have children from a previous marriage
• Families with children who are in second or third marriages and who have children from previous marriages
• Families that include a stepparent, stepsibling, or half-sibling

While every family can benefit from a well-considered estate plan, estate planning is especially important for those with blended families because as family structures become more complicated, so does the process of transferring wealth across generations. To ensure that your wishes for your legacy are met, you need to understand your estate planning challenges, and your options.

To read the full article, please download our latest white paper:
"Yours, Mine, and Ours - Estate Planning for Blended Families".