Philip L. Burke
Unique circumstances require unique planning. Increasingly, blended families, second marriages and same sex couples are becoming more and more common. The failure to plan for a special situation can result in expensive probate litigation and the alienation of family members. In order to ensure that loved ones are provided for and to prevent the time, expense, and relationship damage of potential probate litigation, it is essential to have a comprehensive estate plan created by an attorney experienced in these matters.
Planning for Second Marriages
When an individual marries for a second time, they are commonly faced with the dilemma of providing for their new spouse, and, possibly, their children from a prior marriage, whom they want to benefit as well. There are legal techniques available through the use of trusts, for example, that balance these two interests and eliminate the need to choose one over the other.
However, every situation is unique. Therefore, these trusts can be custom tailored to the needs of the client, their spouse, and their children. Finally, during estate planning many estate tax pitfalls can be avoided as an added benefit.