How can I protect assets in a blended family?

Minnesota estate planning attorney Karen Schlotthauer explains how estate planning can be done to protect assets for those in a blended family or in a second marriage.

Contact Karen Schlotthauer

Email: [email protected]

Phone: (612) 336-9324

Transcript:

How do you protect assets when you’re in a second-marriage situation? If you’re part of a blended family and you want to protect your new spouse financially after your death, but yet you have children from a previous relationship, we can incorporate special-planning provisions in your estate plan, whether it’s a will or a revocable living trust, which allows you to leave the assets for the benefit of your spouse, but you dictate where they ultimately go at his or her death.