Married with Children

Estate planning for married individuals with children may seem simple, but it is important to consider the potential complications that may arise in probate court. The complexity of money and family can cause issues which have resulted in $58 Billion worth of assets being held in State Departments of Unclaimed Property across the United States. To avoid this, it is essential to ask and answer a variety of questions to ensure that your family stays out of court and out of conflict in the event of your incapacity or death. Specific actions must be taken to prevent your assets from ending up in the hands of the State Department of Unclaimed Property due to oversights by your family. This is especially important for blended (second+ marriage) families, as it is likely that loved ones will end up in conflict without proper planning. It is important to remember that your wealth is not only measured by the dollars in your bank account, but by the well-being of your loved ones. By taking the time to plan ahead, you can ensure that your family stays out of court and out of conflict, no matter what happens.