Understanding Estate Planning for Blended Families
Families come in all shapes and sizes. Families often undergo significant changes through the years. It is no secret that a large percentage of households in Maryland involve blended families. One or both spouses may enter a marriage with children from a previous relationship or previous marriage. The new family may grow with the birth of a child. Blended families may comprise an array of step-siblings, half-siblings and full siblings. At The Law Office of Alan B. Frankle in Rockville, we are passionate about helping men and women who have blended families craft effective estate plans to reduce turmoil, maintain relationships and address the complexities associated with transferring legacies in blended households.
Addressing the Unique Challenges of Blended Families
If you are a parent in a blended family, many of the challenges you are facing may not be self-evident. In the absence of an estate plan, the state of Maryland will decide how your legacy is passed on should you pass away unexpectedly. Right now, family harmony may be intact. Step-siblings and each parent may get along very well. But, if the unexpected should occur, disputes over inheritances and your overall legacy can tear the relationships between your loved-ones apart.
Planning an estate in any situation takes skills that are earned through years of experience. Crafting an appropriate and tailored estate plan in a blended household takes a true good lawyer. Attorney Alan B. Frankle has earned a reputation for his sincere drive to help families obtain peace of mind in estate planning. Your legacy is about more than just the money you pass along. The memories you leave behind are also important to your estate plan.
Preserving Relationships — And Assets in Your Estate Plan
In blended families, it is vital to address how your assets will be distributed, while maintaining harmony among your heirs and beneficiaries. When you work with our lawyer, you are gaining access to more than 35 years of experience in guiding individuals and families through the complex decisions that are necessary to preserve wealth, as well as preserve relationships.
Some parents in blended families intend to pass their assets to their biological children. There is a right way and a wrong way to accomplish that task. Other parents intend to share their legacy with their stepchildren as well as their biological children. In either situation, we take the time to craft the best strategy to accomplish the goals of each client.
For instance, we will fully explain the tools that may apply to your specific purpose, such as a marital trust. Passing your assets directly to your spouse may have the unintended consequence of disinheriting your biological children. We will guide you every step of the way with down-to-earth honesty and practical advice to help you achieve peace of mind in your estate plan.
Call 301-637-4769 for a Free Consultation
Based in Rockville, we serve our neighbors throughout Montgomery County, as well as in Washington, D.C. When you arrange a free initial consultation, you will not be rushed to make a decision. We take time to get to know each client to craft personalized strategies to preserve legacies. To speak with an attorney who will provide you with the information you need to move forward with confidence, send us an email or call 301-637-4769. We offer flat fees and one-on-one personal service.