Estate Fights Can Tear Stepfamilies Apart. Here’s How to Avoid the Brawl

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 6 June 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

It can be a challenge for blended families to properly allocate money, properties and plans after a parent dies. Personal-finance reporter Ashlea Ebeling talks to host J.R. Whalen about ways to avoid the family feuds. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:14.4	slash Wall Street.
0:17.0	Here's your money briefing for Thursday June 6th. I'm J.R. Wayland for the Wall Street Journal.
0:26.6	Dividing up assets when parents die can be a complex emotional task for any family, but especially so for blended families.
0:35.0	With that standard plan, you're really leaving everything up to the surviving spouse.
0:41.0	They have no obligation to then leave assets to adult stepchildren.
0:45.0	So if you have children from a prior marriage, they could be left out in the cold.
0:50.0	We'll talk with our personal finance reporter Ashley Ebling about going beyond the standard
0:54.9	estate plan and mistakes to avoid along the way.
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1:33.0	Take a free test drive of OCI at oracle.com slash Wall Street.
1:37.3	Oracle dot com slash Wall Street. In blended families a standard estate plan often isn't enough to avoid legal disputes over
1:52.0	inheritances.
1:53.0	Wall Street Journal Personal Finance reporter Ashlea Eblin joins me.
1:57.0	Ashlea, what typically happens to an estate when a parent dies?
2:01.0	The typical order of operations for married couples with children is for everything to go to the surviving
	...

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