Estate Planning Attorney for Blended Families in Orland Park, Illinois
Serving Families and Individuals in Orland Park, Illinois and the Surrounding Areas
In the new millennium, whether due to the death of a spouse or through divorce, blended families now outnumber traditional nuclear families. And the number is likely to grow, based on current statistics and trends.
Many blended families face unique social, psychological and economic challenges. Fortunately, there are numerous organizations and support groups dedicated to helping blended families with these challenges. Unfortunately, little attention has been paid to the critical estate planning challenges confronting blended families.
Regardless of whether children are reared in a traditional nuclear family or in a blended family, great care should be given to protect any inheritance both for them and from them. For starters, wealth representing a lifetime of your hard work and thrift can be squandered in very short order. Dollars earned just spend differently than dollars inherited. In addition to good old-fashioned squandering, an inheritance can quickly vanish through divorces, lawsuits and bankruptcies.
Fortunately, with careful estate planning, you can protect your inheritance to weather any amount of turbulence. Our Orland Park estate planning law firm can cater to your unique wants and needs, paying close attention to the challenges that your household may face.