Everybody has a complicated family. For some that means drama or estrangement. For many, it means divorce, remarriage, and blended families. TV shows like Modern Family highlight that detail today, but it’s a long-running American concept – just think back to old episodes of The Brady Bunch.
Blended families are common. More than half of US families are blended, Forbes reports. When it comes to our autumn years and estate planning, it’s important to consider each family’s dynamics, and to make sure that the will or trust doesn’t have any loopholes or open ends. With an estate plan, you should plan for the worst – not because that it likely to happen, but to make sure that you have a process defined just in case. Given the complexity of blended families, that’s even more important.