Non-traditional Families & Their Estate Plan
Estate planning practices are changing as family structures change. As recently as thirty years ago, a traditional family comprised a husband and wife who married young, purchased a home, had children, and worked toward financial stability and security. In 1949, 79.8% of American households were married couples, but in 2021 that number declined to 47.3%. This sudden shift means that non-traditional families must be better prepared. The rise of blended families, cohabitating couples, artificial reproductive technology, same-sex marriages, and other trends mean only one-third of American households are “traditional” families. The other two-thirds are non-traditional families experiencing unique needs that ... Read More
