Blended Texas families typically involve two individuals who already have an established financial history and children from previous relationships. It's not easy to join financial and legal lives, and it can take months or even longer for a couple to update accounts, change names and take other important legal steps. In the midst of all of this, it's smart not to overlook matters related to estate planning and probate.
One smart step for a person to take is to make sure his or her estate plans are updated after remarriage. If a person already has a will, this is the point when it's important to take the ex-spouse off the will and add the new one. It may also be beneficial to update things like medical directions and other documents that will need the new spouse's name on it.
Additionally, some people who have blended families may benefit from creating a trust, which allows a person to set aside assets for a certain person or a specific purpose. It can also protect assets in case of changes in the families and other complications. As there are many different types of trusts, it's smart to first seek an explanation of the different types.
Estate planning and probate matters can be especially complex for Texas families who have joined together after previous relationships. It's important not to overlook the estate planning process, but to work diligently toward a plan that allows a person to look to the future with confidence. Before making any important decisions, it may be wise to seek a complete evaluation of the case and explanation of the legal options available.