A great article on what blended families need to consider for their Estate Planning.
The key points being:
- Even families who previously enjoyed harmonious relations can end up in court. In such cases, the only winners are lawyers.
- Unequal shares of an estate are more likely to result in a contested Will.
- Even if you leave Super to a child from a previous marriage, the trustees will usually make a different choice if there is no valid binding death nomination.
The article can be found here.
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