Estate Planning Basics Attorney in Austin, Texas
What do I need to know about estate planning for a blended family?
What do I need to know about estate planning for a blended family?
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00:04
estate planning for blended families
00:06
is a little bit more complicated and and
00:09
it’s a lot more common these days we
00:10
have folks getting married
00:12
and yet each of the spouses have
00:14
children from previous relationships
00:16
what we want to avoid is a scenario
00:18
where
00:19
one spouse leaves all of their assets to
00:21
their partner
00:23
and their partner doesn’t have a good
00:25
plan in place and winds up leaving 100
00:27
of their assets
00:28
to their own children and a lot of times
00:31
i see we accidentally disinherit
00:34
the first spouse’s children who passed
00:36
away unless you have a good plan
00:38
in place those are the default rules so
00:41
what i do when i sit down with a blended
00:43
family
00:44
is to explain how to avoid that to make
00:46
sure that that is
00:47
never going to happen so on the one hand
00:50
we certainly want to take care
00:51
of the surviving spouse and make sure
00:53
that the assets are there for their
00:55
benefit
00:55
but on the other we want to make sure
00:57
that both sets of children
01:00
have been taken care of when it comes
01:01
time to pass down to them
01:03
after the survivor passes so that’s the
01:06
biggest goal when we’re working with
01:08
blended families is to make sure that
01:11
everyone’s on the same page
01:13
and the plan is going to work
Austin, TX estates planning & probate attorney Kyle Robbins explains the basics about estate planning for a blended family.
