No matter how old or young you are, creating an estate plan is vital for the future of your financial state. Even if you are not a millionaire, creating an estate plan is essential to ensure that the proper people inherit the assets you have accumulated over a lifetime. Assets are more than just a house or car; assets also …
Things For Young Families to Consider
Young families are not protected from emergencies or death. Although the thought that people live forever is nice, the truth is that not everyone survives until the age of 80 unharmed. Creating estate-planning tools to protect you and your young family in the future is vital. Once you reach the age of 18 all legal issues in regards to your …
Open Communication on Estate Planning
When creating an estate plan for your young family you and your spouse may want to consider the children’s opinion. Open communication about the future is important and critical for the estate plan and is recommended, especially to avoid the potential of a family feud. Guardianship Although the idea of death is not a comfortable topic, it might be important …
Is There a Plan For Your Medical Care?
Medical emergencies can happen in the blink of an eye. Establishing a plan for your medical treatment ensures that your loved ones will be empowered to take needed steps for your care. Without a plan, court action and unnecessary delays may result. Estate planning for families does not just include what will happen after you die. People need to consider …
Estate Planning For Young Families
Many young families may put estate planning on the back burner, mistakenly believing it does not apply to them. The truth is there is no way to predict the future. People do not live forever and not everyone is fortunate enough to live well into their 80’s. It is important, particularly where children are involved, to put a plan in …