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Tag Archives: Trusts

Estate Planning – What Young Couples Need to Know

Milestones in your life arrive then appear in the rearview mirror at surprising speeds. College graduation gives way to your first “real job” which is followed by marriage, a house and your first child. Planning for these events may seem difficult, but it’s never too late to get started.

Most couples have their first child at a time in their lives when the subject of estate planning isn’t even a consideration. After all, estate planning occurs after you’ve accumulated wealth and other possessions that comprise your estate, right?

In reality, estate planning provides your newborn son or daughter with a certain degree of protection if anything should happen to one, or both, parents. Estate planning provides immediate security for your newborn and helps you and your partner plan for the future. (more…)

Naming a Legal Guardian

In today’s extremely busy world, many parents delay the drafting and execution of their last Will and Testament. Besides the ability to direct and control the distribution of your assets after death, a Will may provide for the designation of a Guardian for your minor children. If you do not have a Will or have not designated a Guardian for your minor children, the State may appoint one for you if both parents are deceased. The results can be expensive and in most cases totally the opposite of what a parent intended for their children.