Blended families—where one or both spouses bring children from previous relationships into a new marriage—are increasingly common. This merging of families brings unique estate planning challenges as it involves navigating a mix of relationships that may include biological children, stepchildren, and multiple sets of extended family.
Divorce is at an all-time high in the United States. Marriage separation is a mutual agreement by each spouse to discontinue living together. Logistically, what do these changes mean for inheritance and what should couples know about adjusting their last will and testament?