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Estate Planning For Blended Families

Many of our clients have so-called “blended” families. In such a family, one or both spouses have children from a prior marriage. Each spouse often has an equally strong desire to provide for their spouse (should spouse survive them) as well as provide for their children from a prior marriage. As a result, practitioners frequently recommend the type of revocable living trust that creates a decedent’s trust upon the first spouse’s death. In most cases, this decedent’s trust will provide the surviving spouse with income and...