Have you noticed that families are changing in this day and age? Traditional families are evolving and include more extended family and relatives. This newsletter talks about the changes of “traditional families” in our society and how they affect your estate plan. If you are interested in talking to an attorney, please give our office a call.
The laws relating to how estates are handled are designed with a very traditional nuclear family in mind – a husband, wife and biological children. That is not the traditional family anymore. Fewer than half of all U.S. households meet this traditional definition. That trend is likely to continue now that same sex marriage has been legalized nationwide. Also, divorce and remarriage remain very common. It is no longer about just the traditional versus non-traditional families.
A particularly serious issue to consider is the rapid advances in reproductive technology. How should children conceived with stored genetic material after the death of one or both genetic parents be treated in regards to inheritance?
Continue reading “Families are Evolving. Is Your Estate Plan?”