Wealth Planning Blog

As if estate planning didn't already seem complicated enough, blended families now make up a growing portion of our demographic and pose many additional considerations when trying to plan for the transition of their estate. When I started my practice as a wealth planning attorney, I would say about two out of ten families that I met with for estate planning or administration purposes were what we call "blended families" - families where at least one person brought children from a prior marriage. 

“Life is pleasant. Death is peaceful. It’s the transition that is troublesome” – Isaac Asimov, American science fiction novelist and scholar. Though it may not be exactly what Isaac Asimov meant, I couldn’t help but think about his quote this past week as my family faced the unexpected and WAY too soon passing of one of our own. Transition is hard ... I mean really hard! Grieving may be exhausting … both physically and mentally but it is an essential and extremely important process for any family in this situation to go through.