Estate planning most often refers to the legal process that is used to protect how your belongings are distributed after your death. As you can imagine, wills and estate planning are especially important for parents, so let’s review some common concerns.
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Careful Planning
Wills and estate planning allow you to put everything in writing, which means there’s no ambiguity about your wishes after you’re gone. Of course, it’s not enough to simple draft a document on your home computer. You need legal guidance because there are proper steps that need to be taken to ensure your estate plan is valid in the eyes of the law. This also helps to prevent future conflict over the division of assets or any sentimental belongings you leave behind. All in all, careful planning is the best way to protect your loved ones, and hiring an attorney you trust is an important part of that process.
Child Custody
While it’s uncomfortable to think about, parents of young children need to name a guardian in the event that something were to happen to both of them. Obviously, this is a major responsibility that requires a lot of thought and discussion. It’s also important to determine who would administer the estate.
Trusts
Wills and estate planning can be a complex process because there’s often so much to take into account. And, of course, you don’t want to leave any loose threads. A trust is another option for parents who are concerned about securing the future of their children, and may also help to reduce estate taxes.
It’s important to note that there are different types of trusts, each with it’s own advantages. Reviewing your situation with an estate planning attorney can help you make the best decision for your family.
Help With Wills and Estate Planning
When you’re ready to review the estate planning options that are best for you and your loved ones, contact our office at Lewman Law by calling (925) 447-1250, or fill out the contact form on our site by clicking here. It only takes a moment.
About John Lewman
