Remarriage is on the rise in the United States; close to 42 million Americans have been married more than one time. This figure is almost double the amount reported in 1980. Estate planning is an important planning tool for everyone, but it can be especially useful in addressing specific concerns that exist in a blended family.

Many spouses that remarry want to ensure that their children from a prior relationship don’t miss out on the inheritance due to them. A potential problem could arise if upon the death of one marriage mate, all assets are transferred to the surviving mate. That mate may or may not choose to distribute any assets to the children of the deceased spouse. Or, the will of the surviving mate may distribute assets to beneficiaries of their choosing upon demise – and those beneficiaries may not include the children of the deceased spouse. In both scenarios, the would-be beneficiaries of the first mate are left with no inheritance.

Estate planning tools, such as wills and trusts, can address concerns such as this – as well as many other scenarios. While some feel that estate planning is only for the wealthy, it is for everyone that wants to plan ahead for the future. So whether you are a blended family or not, give thought to your wishes for your assets and develop a plan to execute them. It’s also important not rely on standardized forms or cookie-cutter templates, since every situation is different – including yours. The advice of an estate planning attorney can ensure that your wishes are carried out and have the force of law behind them. With France Law Firm on your side, estate planning can be an effective way to handle the delicate concerns that are inherent in matters of finance and family.