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.
Most commonly, thieves will harvest kids' dormant Social Security numbers and use them to illegally obtain jobs or open fraudulent bank and credit accounts. Many victims don't realize there's a problem until years later, when they are turned down because of the poor credit history someone else racked up in their name.