Blended families increase tension in estate planning

Posted on March 22nd, 2012 No Comments

The National Stepfamily Resource Center reports that over 50 percent of first marriages will result in divorce, and approximately 75 percent of those divorced individuals will find themselves married for a second time.

Second marriages are where blended families begin, with 65 percent including children from previous relationships and unions. Estate planning becomes trickier when dividing up assets among children, as well as stepchildren.

Several individuals have strong opinions about who should receive their financial assets in these types of situations that include non-biological children. In order to assign assets to the most suited heirs, these parents should seek advice about estate planning, and outline their wishes before their family continues to blend even further.

If you have questions pertaining to estate planning, please contact the Houston estate planning lawyers of Garg & Associates, P.C. by calling 800-242-2151 today.

 

Leave a Reply

firm info  |  practice areas  |  articles  |  faqs  |  blog  |  contact us  |  Site Map  |  resources  |   Find us on Google+   |   Log in

Garg & Associates, PC | 21 Waterway Avenue, Suite 300 | The Woodlands, Texas 77380 Please call 281-362-2865 | Fax: 866-743-4506
Serving The Woodlands, Spring, Houston, Conroe, Kingwood, Tomball, Cypress, Huntsville, Cleveland, Stafford, Montgomery County, Harris County, West Oaks, Memorial, Sugar
Land, River Oaks, Alief, Stafford, Missouri City, and Southwest Houston Texas.