Estate Planning for Blended Families: Providing for Your Spouse & Children in a Second Marriage, by Richard E. Barnes spells out numerous prospects and circumstances to satisfy the myriad wants of readers. Some info might apply to nearly all readers in a blended family, akin to the best way to find the precise lawyer, dealing with heirlooms, etc.
Property planning can be a laborious subject to sort out in any family, however issues compounded with a second marriage and a blended family. Typical blended families will be in the context of a second marriage for one or each spouses, with children of the primary marriage on one or either side who could also be of ages that change greatly. Typically there are children of the brand new marriage, too, who can then be a lot youthful than the children of the first marriage.
Estate Planning for Blended Families, by Richard E. Barnes is recommended for people failing to speak your plans during life to your spouse and liked ones. At your death, a number of the beneficiaries may obtain an unpleasant surprise. The executor turns into the bearer of unhealthy news and target of the disenchanted beneficiaries.
Creating property plan that is inconsistent with present prenuptial agreement and failing to amend the prenuptial agreement or refer to it specifically in reaching the completely different designation. If a partner is more generous than in their prenuptial settlement, that spouse’s kids could search to problem the property plan, which pits these children squarely towards the surviving spouse, who’s compelled to defend the plan.
If the surviving partner is their stepparent, children might grow to resent the stepparent and will obtain their inheritance past the date when it could be of most use to them and their families. This book gives guideline to decide on an unqualified or biased executor or trustee or choosing co-trustees or co executors who cannot agree, resulting in deadlock.
Estate Planning for Blended Families: Providing for Your Spouse & Children in a Second Marriage
Richard E. Barnes
Nolo; 1 Original edition