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Estate Planning – Trust Litigation – Inheritance Disputes – Product Liability – Probate & Business – Trust Administration – Tax Planning
Our team of highly accomplished attorneys specialize in estate planning for blended families. We are committed to assisting you and your partner achieve your financial goals. With 90+ years of collective experience, our law firm knows the ins and outs of estate planning. There’s no legal or financial issue too complex for our attorneys.
Navigating Estate Planning With Your Blended Family
Blended families can take various forms with complicated dynamics due to the combination of relationships between biological parents, step-parents, step-siblings, and half-siblings. The challenges in a blended family often include navigating issues related to inheritance. Inheritance decisions can lead to perceived or unequal treatment among biological and stepchildren.
Navigating estate planning with your blended family does not have to be difficult. Open and honest communication among all family members while discussing inheritance plans and expectations beforehand can help prevent misunderstandings and conflicts later on. Moreover, blended families benefit from meeting with an estate planning attorney who can help them design a comprehensive plan that addresses the unique needs of their blended family.
Did you know?
Trusts can be set up to ensure that the surviving spouse is provided for while also ensuring that assets eventually pass to the children from the previous relationship. Careful drafting is needed to strike the right balance.
Goals of Estate Planning for Blended Families
- Put your family’s game plan in writing. A properly drafted will and trust direct how your assets are handled at your death. You also get to choose who oversees that process.
- Avoid probate. Probate is a court proceeding that is both expensive and time-consuming. In most cases, probate takes about 2 years to complete. However, more complex cases can take far longer.
- Save taxes. A good estate plan minimizes taxes such as income tax, estate tax, and property tax reassessments.
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SOUTHERN CALIFORNIA ATTORNEYS
We are an industry-leading estate, trust, and probate attorney serving clients with estate planning Irvine in CA and surrounding communities within Orange County, including Newport Beach and Laguna Beach.
We are a team of industry-leading estate, trust, and probate attorneys specializing in estate planning for blended families, estate planning during divorce, and estate planning for an irresponsible child in Orange County.