Changing family makeup requires estate plan review

Description

Abstract: Today’s American families have grown increasingly diverse. Besides the typical nuclear family, a family may include unmarried parents of adopted children or married parents with unadopted stepchildren. Those whose family’s demographics have recently changed need to revisit their estate plan. This article takes a close look at a few specific family makeups, and what steps need to be taken to clearly resolve such matters as parental custody and asset distribution.