Estate planning for a blended family

Estate planning for a blended family

 

shutterstock_340603901

Blended families have long been familiar features of the Canadian landscape. But they can still create an extra challenge with estate planning. One of the most common difficulties is how to balance the interests of a new partner with the interests of children from a prior relationship. Relationship dynamics matter: Conflicting interests may not be an issue if all parties have a good, or even cordial relationship. A spousal trust is a workable solution, even with acrimony, but only if there’s enough capital so that even if a spouse draws a generous sum there’s still enough for the children. CLICK HERE to read this full article. If you have any questions, be sure to contact me.