Divorce and remarriage are common in the United States, and most legal professionals place these issues squarely within the family law realm. However, people who remarry should also carefully revisit their estate plan documents to ensure their planning keeps pace with the financial needs of their newly “blended family.”
In an article titled “The Second Time Around: Smart Estate Planning Can Reduce Snags and Maintain Harmony in Your Second Family,” Fidelity emphasizes the need for clarity and comprehensiveness in estate planning when dealing with a blended family.
Things to Consider:
After remarriage, there are many things to think about when planning your estate. The complexity of a blended family means that all details need to be discussed and decided upon because multiple areas of the law may come up, requiring the assistance of different experts. It’s important to be clear about your intentions and address all possible concerns, so your assets are distributed the way you want them to be.