
A Prenuptial Agreement Might Be Your Blended Family’s Best Estate Planning Tool
Most people assume estate planning begins with a will or trust. For many blended families, it begins much earlier.

Most people assume estate planning begins with a will or trust. For many blended families, it begins much earlier.

Texas is one of the few states that recognizes common law marriage. As a result, some couples may be legally married under Texas law even though they never had a wedding, never obtained a marriage license, and never intended to create the legal consequences of marriage.

A life estate can allow a surviving spouse to remain in the family home, while ensuring that the property ultimately passes to a chosen beneficiary, such as a church or charitable organization.

Failing to update your estate plan after a divorce can lead to unintended outcomes, including the possibility that an ex-spouse may still inherit from your estate.

While naming a spouse as trustee may seem like the natural choice, it is not always the best decision for managing trusts effectively and protecting beneficiaries.

When you cross state lines, your estate plan may no longer work the way you intended, even if nothing in your personal life has changed.

Portability isn’t automatic; even nontaxable estates must file a tax return to elect it.

Choosing a guardian is one of the most important estate planning decisions parents make. It ensures that children are cared for by someone trustworthy and aligned with family values if the unexpected happens.

What people fail to realize is that your estate plan is more than just distributing your assets after you pass away.

This summer’s passing of Ozzy Osbourne was mourned by heavy metal fans and caught the attention of estate planning attorneys for lessons about how wealth is distributed among members of a blended family. Whether you liked his music or not, Osbourne left an estate estimated to be worth $230 million plus future royalties, reports a recent article from Think Advisor, “What Wealthy Families Can Learn From a Rock Star’s Estate.” There’s no estate battle for now. However, only time will tell if the Osbourne family faces issues like those of many blended families. There’s no simple playbook for these situations,…