Zuvich Law Logo
  • Nicole J. Zuvich

Blended families, estate planning, and the remainder trust

Updated: Sep 27



Living in a blended family can have an impact on your estate plan. Most people don’t realize this, which can put their loved ones’ financial wellbeing at risk. It can also jeopardize the true intent for your estate, which completely upends the purpose of estate planning. That’s why if you’re part of a blended family, then you need to be diligent in ensuring that you have your bases covered and that you understand how your estate planning decisions will affect your loved ones in the future.


Intestate succession in New York

As we’ve discussed previously on the blog, the biggest risk factor for those who are part of a blended family is intestate succession. This is because passing away with any sort of estate plan allows for your spouse to inherit a large portion of your estate without any obligation to leave those assets to your biological children from a previous marriage. In many instances, inheriting spouses instead choose to leave those assets to heirs in their own family line. But you have ways to avoid this.

Utilizing a remainder trust

One of the best ways to avoid that sort of outcome is to utilize a remainder trust. Here, you simply leave your assets in a trust which pays your spouse over time but leaves any remaining balance in the trust to specified individuals upon your spouse’s passing. In other words, you dictate where those funds go once your spouse passes away instead of leaving that decision to your spouse.

Know your estate planning options

There are a lot of creative ways that you can tailor your estate plan to suit your needs. You simply have to know your options so that you can choose those that are right for you. If you’d like to learn more about those options and what they can do for you and your family, then now may be the time to discuss your circumstances with an estate planning attorney who you can trust.

Recent Posts

See All

You have to take a variety of issues into consideration when setting up an estate plan, whether you need to figure out who to place in charge of your estate after your death or you have difficult deci

Connect With Us

Disclaimer

Attorney Advertising. Prior results do not guarantee future outcomes.  Interaction with this site or contacting us via email, phone, or online forms does not establish an attorney-client relationship.  Do not send personal private information.  The attorneys of The Law Offices of Nicole J. Zuvich, P.C. practice primarily in the State of New York and may not be licensed in your jurisdiction.  The information on this website is for information purposes only and is presented "as is."  The law frequently changes. Information on this site may be incomplete or out of date.   See full DISCLAIMER here.

Zuvich Law Logo

400 West Main Street, Suite 332

Babylon, NY 11702

PHONE: (631) 840-6580
FAX: (631) 840-0084

1050 Franklin Avenue, Suite 308

Garden City, NY 11530

©2022 The Law Offices of Nicole J. Zuvich. All Rights Reserved.