Orange County Estate Planning Attorney Shauna Anderson shares the importance of young parents having estate plans.
The Importance of Young Parents having Estate plans.
Estate planning is not something that a lot of young parents do not take into consideration. The problem with this is that they usually have things they need to plan for! Including if they are parents.
Unfortunately, many young people with children under the age of 18 who have not set up an estate plan have not selected a guardianship for their children. This is something that young parents want to have control over! You do not want a court or judge or someone else who does not know your child or your family to decide who gets to raise your children and what happens to them in the tragic possibility that parents pass away unexpectedly. In the estate planning process, you should consider guardianship.
There are many questions you, as Young parents, need to address and think through critically to provide for your child or children.
- Who would you want raising your children?
- How old are they?
- What state or city do they live in?
- Would they be moving your children, or would they come to live with them in your home?
These are just some issues you should think through and decide prior to the tragic event when this plan may become necessary. Having a plan for such an event can give you peace of mind and can make life after a tragedy much less stressful for your children. We encourage you to make an appointment and talk with one of our attorneys today to ensure you have a plan in place to care for your most valuable assets, your children. Contact us today and set up an appointment.
We offer a many different resources and pamphlets on the subject of creating, updating and implementing estate plans. We also offer a regularly scheduled seminar in our office to help people determine what the best options are for them in their estate planning needs.