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Why estate planning for blended families?

Estate planning is very important when you have a blended family because you have children, normally, from a prior marriage. Those children may not agree necessarily with the new spouse and there can be a lot of conflicts. Also, the new spouse may remarry even and the rights of the children from the prior marriage have to be protected and preserved. I'm Jeff Matson and I'm the founding and managing partner of Wealth Strategies Council. we help people preserve, protect, and transfer their legacy to the next generation in the most cost saving and efficient manner possible.

tags: estate planning blended family wealth preservation wealth management tax laws probate trust trusts living trust wills powers of attorney annuity trusts family limited partnerships wealth strategies counsel jeffrey matsen jeff matsen lawyer legal law firm california ca orange county irvine newport beach santa ana huntington beach lisa allred

attorney: Wealth Strategies Counsel

Can litigation occur in probate or trust administration?

There are a lot of problems that arise that generate litigation during probate or trust administration. A lot of those problems are because of the drafting errors that were made in the initial estate plan. That's why it's so important that the estate plan be prepared by a competent attorney. Other problems arise because of the fact that there are disagreements amongst the children as to what the parent's intentions are. And even if the intentions are clearly stated, children feel slighted, or heirs from a prior marriage contest and dispute with the second wife. And there is lots of different problems involved with blended families. I'm Jeff Matsen, and I'm the founding and managing partner of Wealth Strategies Counsel. We help people preserve, protect, and transfer their legacy to the next generation in the most cost saving and efficient manner possible.

tags: estate planning probate litigation wealth preservation wealth management tax laws probate trust trusts living trust wills powers of attorney annuity trusts family limited partnerships wealth strategies counsel jeffrey matsen jeff matsen lawyer legal law firm california ca orange county irvine newport beach santa ana huntington beach lisa allred

attorney: Wealth Strategies Counsel