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Estate planning for blended families in Texas

Families in Texas come in many different forms. While there are many traditional families, there are also blended families created by a parent's remarriage. These families may have unique estate planning needs in order to ensure that a person's wishes are known and followed after his or her death.

When remarrying, there are several issues that must be taken into consideration. One of those is whom to list as a beneficiary on retirement accounts, for example. These likely need to be updated to remove a former spouse. Additionally, it is necessary to decide how assets will be split. If there are children from a previous relationship, the person will likely want to ensure that those children as well as their current spouse are cared for if he or she should pass away.

Decisions regarding the division of assets are not the only ones that must be made. At the time of a new marriage, many people update documents dictating who will make medical decisions on their behalf if they become unable to do so on their own. Additionally, parents will want to ensure that a person is named to care for their minor children.

There are often many complex decisions that must be made as part of the estate planning process. While there are documents and tutorials on the Internet that can help people do this own their own, a mistake can often cause tension between family members in a time already filled with grief. Additionally, those in Texas with blended families often have complex situations that would benefit from the guidance of an experienced attorney.

Source: yumasun.com, "Estate Planning: Planning critical for blended families", Shawn Garner, May 9, 2016

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