Estate Planning for the Modern Family

Overcoming the Challenges of Blended Families

Here's an example of how estate planning can help bring peace of mind to families with complex structures.  

Jonathan and Ravinda had a complex family structure, with children from previous marriages and grandchildren. This is often referred to as a 'blended family'.

When they were introduced to me, they told me they wanted to ensure that their assets were distributed in accordance with their wishes, while also minimising any potential family disputes.

💡 Solution:

A combination of trusts and Will planning were used to ensure that their assets were distributed in accordance with their wishes.

A discretionary trust was set up to hold a portion of their assets - this allowed for flexibility in the distribution of these assets to their beneficiaries.

Additionally, detailed Will planning was undertaken to ensure that each of their children, and grandchild, received an appropriate share of the estate, whilst also minimising the potential for any disputes.

By combining trusts and will planning, they were able to ensure that each child and grandchild received an appropriate share of the estate while still allowing for flexibility in the distribution of assets.

It's a great example of how expert estate planning can help bring peace of mind to families with complex structures.

As always remember, these estate planning strategies require a qualified professional. Speak to an expert to determine the best strategy for your individual needs and circumstances.