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Commenting to the publication, Nazia said: “The last half a century has seen a considerable shift away from the once common ‘traditional’ nuclear family structure, and blended families – where one or both parents have children from aprevious relationship – have grown in their regularity.
“As a result of the changing family structure, and the rise in people entering into a second marriage, complex financial planning issues have arisen for many people, stemming from the fact that wealth may not be passed on to its intended recipient in the event of a family member’s death.”
In the article Nazia discusses how to ensure your blended family is catered for and the steps to take when planning your estate.
Read the full articles over on WhatInvestment here.