Creating Estate Plans For Blended Families
Arranging an estate plan becomes additionally complicated when you have one or more marriages in your past. You need clear and legally enforceable documents to prevent confusion, family conflicts and expensive legal battles from emerging.
We can help you with these concerns. At Galloway and Collens, PLLC, our attorneys combine 50 years of experience to serve clients throughout Detroit who have blended families.
Helping You Plan For The Unexpected
Some of the matters you should consider when creating an estate plan for your blended family include:
- Adding your current spouse and stepchildren to your will
- Removing a previous spouse or stepchildren from your will or adjusting the assets they receive
- Balancing the amounts that your biological children and stepchildren inherit
- Naming your current spouse as your power of attorney, health care proxy or executor
- Establishing trusts to pass certain assets on to your family members
It is crucial to revise your preexisting documents to ensure that your loved ones understand and honor your wishes. If your attorney does not take the proper steps to override your previous will, unintended complications can arise.
The Importance Of Your Power Of Attorney
A power of attorney is a document that grants someone else the right to make legal and financial decisions on your behalf if you lose your capacity or die. It is one of the most important aspects of an estate plan. If your ex-spouse is still your power of attorney instead of your former one, you do not have a guarantee that they will act in your best interests. Let us sit down with you so we can change your power of attorney or create one that will protect your rights.
Discuss Your Unique Family Situation With Our Lawyers
Having seen thousands of blended family arrangements from our Michigan clients, we can make an estate plan suited to your personal needs. Reach out to us to schedule an initial consultation with our team. Please call 248-284-1990 or send us an email to get started.