During a new marriage, it isn’t just the people that blend. Most of the time, assets also get blended soon after the wedding. That can add a whole new layer to the blended family dynamic.
We’d love to imagine scenarios where everyone loves everyone. And everyone wants to provide for everyone. And everyone gets along famously. Wouldn’t that be fantastic?!
Sadly, that isn’t always the case. Now imagine a scenario where the blended family doesn’t mix well. What happens to combined assets, and who provides for who?
Things can get complicated quickly.
If your desire is to protect your assets, joint wishes, and individual wishes, an estate planning tool called a trust can help. It will deliver exactly what you need and take the stress and worry out of the equation.
Our office can talk you through the options such as individual trusts, joint trusts, and future interest trusts that can be created to meet your blended family’s goals. Another significant benefit of using a trust is that it avoids the costly probate process in most states.
We specialize in educating and helping you protect what you have for the people you love the most. Contact us to learn more about how we can help.
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