Creating a Blended Family? Three Key Steps to Consider

Blended families can make your finances and estate extra complicated, but you can head off some of those issues with careful planning.

A blended family smile and laugh as they jockey for position on a bench in a park.
(Image credit: Getty Images)

A “blended family” can mean different things depending on who you ask. It can consist of two adults, children they have together and children they’ve had with previous partners. But it can also include ex-spouses, ex-in-laws and unmarried parents — and all of the emotions that come with these relationships. Planning your finances in this context can, understandably, feel overwhelming.

If you’re entering a blended family, or are already a part of one, here are some key considerations for planning your finances.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Adam Frank
Head of Wealth Planning and Advice, J.P. Morgan Wealth Management

Adam leads J.P. Morgan Wealth Management's Wealth Planning and Advice team, which is responsible for wealth planning, thought leadership and strategic planning for individual clients. This national team of former practicing lawyers provides experience in estate and tax planning strategies, retirement planning, restricted and control stock and stock option management, business succession planning, pre- and post-transactional planning, concentrated position management and other personal planning strategies. The team provides internal training to the J.P. Morgan Wealth Management sales force on these topics and also creates content for distribution to the public.