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Kiplinger
Kiplinger
Business
Stephen B. Dunbar III, JD, CLU

The Six Estate Planning Steps Every Blended Family Must Take

Members of a blended family smile and laugh as they goof around outside their home. .

As the saying goes, you don’t just marry a person — you marry their family.

This can raise issues even in the best of cases, but it can be especially tough for blended families. Case in point: When two of my friends got married this year, they were both entering their second marriage, each with children and with one side bringing significant assets and a family business to the union. They had to navigate difficult questions about how to manage finances and who would inherit what, all while trying to determine what “fairness” looks like in this new arrangement.

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