${site.data.firmName}${SEMFirmNameAlt}
Throughout Southern California
310-324-9403
Toll-Free
866-402-1805
View Our Practice Areas

Blended Family? Ways to Avoid Conflict

In unions of those who marry twice, about 65 percent include children from prior marriages, according to the National Stepfamily Resource Center. That can complicate the transfer of brokerage accounts, real estate and personal possessions. Throw in resentments over divorces and rifts between stepchildren and step-parents, and the situation is ripe for legal battles.

If you have a blended family, you'll need to tread carefully when it comes to your estate planning.

When a parent with adult children remarries, it is often difficult to devise an estate plan that pleases both the new spouse and the children. Both the new spouse and the children can easily feel slighted. This is particularly true if there is other tension between them such as bitterness over the marriage itself.

This has led to a lot of fighting over estates.

Recently, Bloomberg published a list of ways to help minimize the chances of these fights in an article titled "Ways That Blended Families Can Avoid Bitterness."

The Bloomberg list includes:

  • Focus on Fairness - An estate plan needs to be fair to both the new spouse and the children from the previous marriage. Neither should feel they have been cheated out of a rightful inheritance. Look for ways to provide for the spouse while at the same time ensuring that the children receive a timely inheritance.
  • Trust in Trusts - Trusts can be an excellent way to ensure a steady stream of income for the spouse, while leaving the remainder to the children after the spouse passes away. However, if the children and the spouse are close together in age, it might be necessary to ensure that the children receive some of the income from the trust more quickly.
  • Keep Documents Updated - When you get remarried make sure the beneficiaries on retirement accounts and life insurance accounts are up to date.

If you have any questions about minimizing conflicts over your estate in your blended family, schedule an appointment with an experienced estate planning attorney.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Find Out The Difference That Experience And Expertise Makes

Get the peace of mind that you deserve. First, attend a seminar. This will entitle you to a free initial consultation and a discounted estate planning fee. To learn more about our services or sign up for a seminar, contact us online or call us at 866-402-1805. We have offices in Torrance, Orange, Newport Beach, Pasadena and Woodland Hills.

Questions? Contact Us.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Call Now For A Free Consultation: 866-402-1805
  • ${site.data.firmName}${SEMFirmNameAlt}
  • Main Office: Torrance

    Torrance Office
    990 West 190th Street
    Suite 500
    Torrance, CA 90502

    Toll Free: 866-402-1805
    Map & Directions

    Orange Office
    333 City Boulevard West
    17th Floor
    Orange, CA 92660

    Toll Free: 866-402-1805
    Map & Directions

    Newport Beach Office
    5000 Birch Street
    Suite 8000
    Newport Beach, CA 92660

    Toll Free: 866-402-1805
    Map & Directions

    Pasadena Office
    790 East Colorado Boulevard
    9th Floor
    Pasadena, CA 91101

    Toll Free: 866-402-1805
    Map & Directions

    Woodland Hills Office
    5850 Canoga Avenue
    4th Floor
    Woodland Hills, CA 91367

    Toll Free: 866-402-1805
    Map & Directions

    Office map