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Blended families are families with children from multiple marriages or relationships. This type of family has a number of unique estate planning considerations that California residents should consider.

Having an updated will

It is especially important for blended families to have an up-to-date will. This estate planning document should include provisions for all of your children, regardless of whether they are from your current marriage or a previous one. A will that reflects your current family situation may help to avoid any confusion or conflict later on.

Providing for your children’s needs

It is important to consider the unique needs of each of your children when creating an estate plan. For example, if you have a child with special needs, you may need to set up a trust to provide for their care after your death. Alternatively, if you have children from different marriages, you may want to consider how to divide your assets fairly between them. For instance, you may want to set up separate trusts for each child.

Clear and updated beneficiary designations

Beneficiary designations refer to the people who will receive your assets after you die. This can include things like life insurance policies, retirement accounts and bank accounts. It is important to keep these beneficiary designations up to date as they take precedence over what is stated in your will. For example, if you have a life insurance policy with an ex-spouse as the beneficiary, that policy will go to them after you die regardless of what your will says.

Treating all your heirs fairly

This may mean leaving the same amount of money to each child, or it may mean creating separate trusts for each child that are structured in the same way. Whatever approach you take, it is important to avoid any appearance of favoritism as this can lead to conflict among your heirs.

Blended families have a lot to think about when it comes to estate planning. However, with careful consideration and planning, it is possible to create an estate plan that meets the needs of all family members.

California employers can increase profits and reduce turnover rates by focusing on diversity and inclusion in the workplace. Increasing the diversity can result in more innovation, improved employee morale, and increased productivity.

Understanding workplace diversity and inclusion

Workplace diversity and inclusion are terms that have seized the public imagination over the past decade. While they are popular concepts for businesses, many employers don’t understand what they mean and how to make their workplaces more diverse. Diversity refers to including people of multiple backgrounds in the workplace, including people of different races, religions, genders and gender identities, and other differences. It can also refer to including people who are of different socioeconomic backgrounds. A diverse workplace that is also equitable and inclusive is one in which people of all backgrounds share in the decision-making structure and have opportunities to provide input. Employees that work in diverse workplaces are likelier to feel valued.

Benefits of workplace diversity and inclusion

Research has demonstrated that employers can derive multiple benefits from emphasizing workplace diversity and inclusion. When a business increases the diversity and inclusiveness of its workplace, research has shown that it might benefit in the following ways:

  • Increased profits
  • Greater innovation revenues
  • Improved productivity
  • Increased employee morale
  • Reduced turnover rates

By promoting diversity and inclusion in the workplace and hiring people of various backgrounds, employers can demonstrate to their employees that they are valued. This can result in greater creativity and an increase in ideas for business improvements, which can facilitate the business’s success and growth. While diversity and inclusion might seem like popular terms that many businesses toss around as abstract ideals, companies that embrace diversity and facilitate inclusion and equity in their workplaces are likelier to experience greater creativity, productivity, growth, and success as compared to those that have homogenous work environments.

Many California residents work full-time jobs to earn a living. Most jobs aren’t without an occasionally stressful day. However, things can go from bad to worse when you and a co-worker get into a heated conflict. Fortunately, there are many ways to resolve workplace conflicts for healthier working relationships.

Listen actively

Certain work-related conflicts happen because someone isn’t listening. Sure, you might hear the words that someone else says. By using active listening, you try and understand the other person’s point of view. Having a deeper understanding of someone else’s perspective might lead you and another party to resolve all conflicts.

Bring in a neutral third party

If there’s no way to resolve a situation, disputing people can benefit from bringing in a neutral third party. This popular tactic is a form of workplace mediation where a third party helps two other parties resolve disputes. This person should be someone without close ties to you or the person you disagree with. If that’s not the case, it could lead to bias in these discussions.

Compromise

It’s not always possible for two people to agree on a set of terms. Fortunately, slightly altering these terms to propose a compromise might resolve your disagreement. For example, imagine that you and your co-worker had to complete three projects together. However, your co-worker doesn’t have time to complete their portion of the work. You could pick up the slack and complete their work if they help you with a task next week.

Work-related conflicts can happen in a variety of ways. Sometimes, disputes happen due to someone experiencing problems at home. In other situations, two people might have distinctly different personalities.