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Asset disputes may arise among blended families

On Behalf of | Jul 5, 2019 | Probate Litigation |

There may be a multitude of individuals in Louisiana and elsewhere who have decided to enter a second, or even third marriage. In some cases, successive marriages may also bring new additions to the family and create a need to update existing estate plans. Unfortunately, adding potential beneficiaries may come with some level of risk and asset disputes that take place among blended families can be hotly contested matters.

Upon entering a second marriage, a person may find it advisable to revisit current estate plans and update account information to reflect his or her current preferences. In some cases, this process might involve including the names of new additions to the family to health-care directives and wills. However, this could prove a stressful and intimidating process, as deciding how assets will be divided between the living spouse, the children and the stepchildren in the event of death can be a daunting task.

Each party may also bring varying degrees of wealth into the relationship and determining a fair split of assets under similar circumstances could prove difficult. Should one party pass away, the process of distributing assets might not always result in an equal share for each beneficiary. Unfortunately, a similar outcome could bring about conflict among beneficiaries.

Asset disputes among beneficiaries can be highly debatable matters. Those who encounter similar forms of conflict may wish to take every possible measure to protect their interests and legal rights, but they might not be certain where to turn for advice on their available options. Fortunately, there are attorneys in Louisiana who can examine the circumstances a person is facing and assist in forming a strategy to pursue the most favorable outcome achievable.