With more than 50% of divorced individuals remarrying, blended families are anticipated to represent the predominant American family unit in the coming decades.* Yet, merging two families into one is not without its challenges, especially where family finances are concerned. Blended families often struggle with unique issues such as budgeting for alimony and child support from a previous marriage; sharing college tuition expenses with an ex-spouse; or more complex retirement and estate planning needs.
When couples enter a marriage with established families and assets, making planning and communication a priority is critical for pursuing important financial goals while reducing stress and family conflict. That’s why many blended families choose to work with an experienced, family wealth advisor to address complex financial challenges and develop customized strategies to help pursue their important retirement, college, risk management and estate planning needs with confidence.
To learn more about the benefits of working with an objective family advocate and guide, contact me to talk about ways I can help you remain on course toward your goals.