After getting divorced or losing a spouse, some people may choose to get remarried. It is important to protect not only your significant other but also your children. Along with ensuring that your plan cares for your loved ones in the way you want, it is also especially important in blended families to communicate your wishes clearly so that everyone is on the same page to decrease any chances of frustration or fighting after you die.
Planning for blended families is similar to planning for any other kind of family, but there may be more things to consider when it comes to allocating assets and choosing a guardian or Trustee for any children involved. This is especially true if there is an ex-spouse involved as the child(ren)’s parent. It may be beneficial to not only plan with your new spouse but also in some cases to discuss parts of your plan with your ex-spouse.
As a first step, be sure that if your plan was made before you were divorced that it is updated or redone to reflect your new life situation. This includes removing an ex-spouse or anyone from your previous marriage that you may not want to have control over your assets or receive the assets that were previously left to them in your plan.
You may also want to appoint guardians who would be suitable for all your children and a healthcare power of attorney who can make medical decisions for you if you are incapacitated. These people should be those you trust and that your children would be comfortable with. For more information on things to consider when choosing a guardian, please read our “Considerations When Naming a Guardian” blog.
We would love to help you take care of your blended family. Give us a call to set up a free consultation and begin your estate plan.
