How do I protect children from my first marriage?

Question

I have two children from my first marriage and am now remarried. I want my spouse to be financially secure if I die first, but I also want to make sure a meaningful portion of my estate eventually reaches my children. What planning tools can protect children from an earlier marriage without leaving the surviving spouse financially vulnerable?

Soradin · Accepted Answer

A plan can reserve assets for those children while still providing housing, income, or support for a current spouse. For this legal issue, blended families need careful planning because default inheritance rules and simple spouse beneficiary choices can unintentionally exclude children from an earlier relationship. State specific advice from an estate planning attorney can clarify the result while helping you put the decision into clear documents.

How do I protect children from my first marriage?

Soradin

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