Estate Planning Considerations for Blended Families

From planning for minor or adult children, creating your legacy goals, and supporting the charities and causes you care about, estate planning can be a complicated topic for blended families to tackle, especially when there are significant assets involved. To help guide your estate planning design and ensure your loved ones and assets are protected after your death, let us share with you a few Estate arranging Naples Florida considerations for blended families.

It is important to review your beneficiary designations. It may have been some time since you updated your beneficiaries. Remember, your assets are likely to go directly to your named beneficiaries. We encourage you to take some time to review who is entitled to certain assets, such as IRAs, to ensure your beneficiary designations reflect your current goals and needs. In addition, you may consider adding multiple primary beneficiaries, for example, your spouse and your children, and designating the percentage that each will receive to help avoid problems during probate.

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