In my studies of the lives of older Americans, I learned that almost nothing is as painful to them as estrangement from an adult child. When I wrote a blog post on this topic, it led to an extraordinary outpouring of interest that both surprised and moved me. When we reach the later years, our dream is to be surrounded by loving children and grandchildren.
Couples planning to blend families often have to make financial arrangements that respect previous relationships with ex-spouses and their families. Issues range from childcare and eldercare to potentially complex matters. That's why involving trained experts in stepfamily financial planning is a must.