Estate Planning For Blended Families

Getting married for the second time can present complex estate planning issues. This is especially true if you have children from a previous marriage as well as your second marriage.

At Lisha A. Prater, LLC in Springfield, Missouri, we help clients navigate these issues so they can craft an estate plan that takes care of their loved ones in a manner of their choosing. Because of our focus on estate planning and family law, we are especially helpful to clients facing situations in which these two areas of law intersect.

Blended Family Concerns

The careful drafting of wills and trusts is an important element of preparing an estate plan for a blended family. Establishing separate trusts can be an especially effective tool for setting aside assets for a child from a previous relationship without your ex- spouse being in charge of those assets.

It is also important to review beneficiary designations you may have made in benefit plans, insurance policies and retirement accounts.

There are many steps to take to create an effective estate plan, and an experienced lawyer can guide you through the process. Without taking these steps, certain members of your family may be left out when it comes time to distribute your wealth and assets. This can lead to contentious disputes between spouses and between children.

Trust Your Estate Plan To An Experienced Lawyer

If you are preparing an estate plan in a blended family, it is especially important to work with an experienced attorney. With more than 20 years of experience, attorney Lisha Prater can help you navigate this complex legal terrain. Contact us online or by telephone at 417-459-4390 to arrange your initial consultation.