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Estate Planning for Blended Families

Estate Planning for Blended Families

You're at the annual family reunion and you notice that less than half the people there are related to each other—some are your husband's children from a previous marriage, or they're your children from a previous marriage. As for the parents at the reunion, they've remarried too. Your father passed away several years ago, and your mother recently remarried. As a result, your four new stepsiblings are in attendance as well.

If this sounds like your family, welcome to the new form of family life. Blended families now outnumber traditional families, according to the U.S. Census Bureau. Rising divorce rates aren't the only reason—our longer life spans mean that many more people are outliving their spouse and remarrying.

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