Wills and Estate Planning Adelaide: Estate Planning Challenges of Blended Families
As more Australians get married more than once, estate planning issues involving blended families are becoming more common.
A blended family is where there are children from more than one relationship and they raise particular challenges for estate planning.
A typical example is where a man has children with his first wife, then re-marries a younger woman and has additional children with her.
Because marriage automatically revokes all prior Wills, his older children may be concerned that his new wife and her children may influence him to their advantage, at the expense of the older children’s inheritances.
This is a growth area for lawyers who work in the area of Family Provision claims, where Wills and estates are challenged in Court.
If you have a blended family, you need to exercise considerable caution when creating your Will and estate plan.