Encino Trust Lawyer: Everything You Need to Know About Estate Planning for Blended Families
Here is a situation that happens all too often to seniors and boomers who decide to remarry late in life:
Following their wedding, a couple who each have their own children and grandchildren do not create an estate plan. When the first spouse dies – in this case, let’s say the husband – any community property he has with his wife will pass directly to her. Or, in the event of separate property, it’s split 50/50 if there is one child, or if there is more than one child, one third will go to the new wife and two thirds to the kids.