When two families join forces, there are so many considerations. Parents often focus on introducing new siblings and creating new family dynamics and traditions. It is easy to forget to establish the legal and financial framework that protects both the parents and the children in the new blended family. Problems such as life insurance policies with former spouses still named as the beneficiary and Ohio rules of intestacy that favor a new spouse over existing children and grandchildren can lead to serious unintended consequences. Families should be careful and intentional about how they combine households and finances. Blended families need estate plans. We can help you create a plan that protects your family.
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