Kathryn T. Joseph & Associates, Inc.
216-245-0504

With a blended family, you must protect your children's share

You get married and have two children. Then your spouse files for divorce. You split up, wait a few years, and get married again. Your new spouse also has two kids from a previous marriage.

This relationship lasts. As you both grow older, you decide to do your estate planning. Can you keep it simple and just leave everything that you have to your spouse? Some people call this an "I love you" will. It shows your dedication to your spouse and helps take care of them when you're not around.

You can do this if you want, but you have to realize that means your children from your first marriage may not get anything. Your spouse is not obligated to include them in his or her will. As a result, if your spouse passes away 10 years after you, they could leave all of their assets -- and yours -- to their own kids from their first marriage. Your children get nothing, even though you wanted them to.

The best thing you can do to avoid this is to pass your assets on to your own kids when you pass away. Take care of them up front. Make sure that your spouse cannot cut them out of the inheritance. That's the only way to guarantee that something goes to them.

Of course, what you decide to do is up to you. Every situation is different. The key, though, is to really think about the future and consider all possible outcomes while you look into the estate planning options you have.

No Comments

Leave a comment
Comment Information
Email Us For A Response

How Can We Help You?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Contact Info

Kathryn T. Joseph & Associates, Inc.
Executive Commons West
29425 Chagrin Blvd.
Suite 305
Cleveland, OH 44122

Toll Free: 888-335-6650
Phone: 216-245-0504
Cleveland Law Office Map