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Nontraditional families (which include “blended” families—those with stepparent or stepchildren relationships) now outnumber traditional families in the U.S. and most European countries. Even the British royal family is blended! However, despite the prevalence of blended families today, the law has not caught up to the changing family dynamics. This leaves us with the responsibility to ensure our estate plan reflects our family dynamic and wishes.
Estate planning, therefore, becomes especially important for those with blended families. The issues surrounding how your assets are distributed become complicated, and the result may be different than what you intended if you don’t plan...
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