Congratulations! Becoming a new parent is a life-changing experience. Whether you are a new parent or just starting to think about estate planning for your children, you undoubtedly have a lot on your “to-do” list.
We know “estate planning” may not be at the top of your list right now, but it is critical to put together a plan so no matter what happens, your children are protected according to your wishes. Big life moments like this are the best time to put plans in place for your family’s future.
Many Americans think that they don’t have enough assets to create a will or a trust. In reality, in the eyes of the government, you already have an estate. Your estate plan is meant to be a “framework” to protect your family and plan for their future.
The most basic estate planning tool is a will. As you think about your will and how to distribute your assets, you will also want to consider who you’d like to name as a future guardian for your children.
You can even establish a trust that provides funds to be used for your children’s needs.
Finally, it is important to create a power of attorney and advance medical directives to plan for possible incapacity.
Download our free guide on Estate Planning by giving us a little more information about you.To learn more, click here to contact a member of our team.
