Family Estate Planning Attorney in Henderson, Nevada
What are some of the challenges of estate planning for blended families?
What are some of the challenges of estate planning for blended families?
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00:04
yeah i mean the blended families there’s
00:06
a lot of issues that arise and you know
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we’ve noticed in our practice that
00:10
you know the traditional nuclear family
00:12
really isn’t as prevalent as it used to
00:14
be in our society as a whole
00:17
you know we’re constantly dealing with
00:19
blended families and their estate plans
00:21
and it brings to light some important
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issues i would say at the very forefront
00:25
of of blended family issues is
00:27
is the client trying to strike a balance
00:29
between
00:31
how do i provide for my
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my spouse my partner my significant
00:36
other
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but also
00:38
you know provide for my children
00:40
who they had previously you know how do
00:42
you strike that balance because
00:44
when it comes to estate planning there’s
00:46
a lot of different you know consequences
00:48
that can arise
00:49
depending on what a client wants to do
00:52
and so in our experience it’s trying to
00:54
help the client understand that if they
00:55
make these types of decisions here’s how
00:58
it impacts their spouse or their partner
01:00
or their significant other and here’s
01:01
how it might impact their kids or their
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other loved ones
01:04
sometimes when the plan doesn’t you know
01:06
when the client
01:08
hasn’t really
01:09
put forth time and effort to implement
01:11
their plan the right way
01:12
we see the fallout of that a lot of
01:14
contention you know contested the states
01:16
and litigated matters where the people
01:18
just didn’t uh you know know what was
01:20
going to happen and they didn’t feel
01:21
like it was fair but when you can have
01:23
these conversations with clients ahead
01:25
of time and incorporate their wishes
01:26
into their plan it helps alleviate a lot
01:29
of those issues and it helps you know
01:30
minimize the fallout when the client
01:32
does pass away so you know striking that
01:34
balance between
01:36
the second spouse or
01:38
significant other or partner
01:40
and the children or the other loved ones
01:42
of those clients is probably the the
01:44
biggest issue that we see and that we
01:45
try and help clients with
Las Vegas, NV estate planning attorney Taylor K. Morris discusses some of the challenges of estate planning for blended families.
