It’s very common to find this combination of family dynamics frequently! Blended families make up a good part of our family structure and like all families, they need planning.
However, in this type of situation, the final distribution of assets is not necessarily uniform. Each parent wants to treat their children differently in most cases, however, many times both spouses are on the same page in protecting each other.
In this short video I cover some of the planning objectives when you combine the blended family along with an S Corp ownership, and the goal or retaining a marital deduction.
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