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Blended families need an estate plan


Almost all families in the Kent area can benefit from estate planning. Estate plans are important in making sure a family's assets are distributed appropriately and that the person's wishes are followed after their death. An estate plan can be especially important for a blended family.

Blended families are common among the Kent area. When a couple gets married again, they often have their own children they bring to the marriage. This makes beneficiary designations important. A person should update their beneficiary designations so that they are up-to-date with their current family arrangement and wishes.

A living trust is another good estate planning technique. A living trust can help a family avoid probate while allowing the creator to have a good amount of freedom in how their assets will be distributed upon their death. A person can set up the trust to ensure their surviving spouse will have an income for the rest of their lives and then pass the remainder to their own children, or they can structure the trust in a myriad of ways.

A legal professional who specializes in estate planning can help their client with all of their estate planning needs. An attorney is skilled in dealing with every unique family situation and can offer creative suggestions for their clients wishes. Everyone wants their estate to be distributed on their own terms. This can happen with the right legal guidance.

Blended families can cause a family to revisit their current estate plan or create a new one. With a new spouse and new step-children, it can lead to new beneficiaries and distributions of personal assets.

Source: vaildaily.com, "Estate planning tips for blended families", Dec. 16, 2016

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