The blended family (Children from a prior relationship)
How do you fairly provide for your present spouse along with your children from a prior relationship?
In this modern era where blended families are commonplace, the estate planner is constantly faced with the situation of proposing a plan that protects the present spouse while ensuring the children from a prior relationship are not unintentionally disinherited. Careful attention is paid to how your assets are owned (titled) in relation to your existing spouse. Often times, life insurance is the great equalizer and ensures that your estate value is increased to provide for all of your loved ones.