A TAILOR-MADE ESTATE PLAN
Dec. 6, 2013
Imagine going Christmas shopping for all of your family members. You are not going to buy one-size-fits-all clothing and shoes in some type of generic style for everyone on your list. Your family is unique, and each person on your list is going to were a different size and have different tastes.
The same thing is true of estate planning. Depending on the dynamic of your family and the exact nature of your wishes any number of approaches may be appropriate.
For example, a lot of marriages end in divorce during our current era and most people who get divorced remarry someday. Blended families result when the people entering the marriage have children from previous marriages.
This can present a particular estate planning scenario. You probably want to make sure that your children are provided for regardless of what the future holds. And at the same time, you are going to want to make provisions for your new spouse without necessarily handing over control of who inherits the remaining assets after he or she passes away.
Situations such as these require a particular brand of advanced estate planning, and inheritance planning lawyers will often recommend qualified terminable interest property trusts as a blended family solution.
This is just one example, but any number of scenarios can exist depending on the unique makeup of your family. You need an estate plan that is tailor-made for your specific situation, and the only way to put such a plan in place is to engage the expertise of a licensed, experienced and savvy San Bernardino CA estate planning lawyer.