FAMILY ESTATE PLANNING
Anyone preparing to get married, start a family, or purchase a first home will benefit from the protections provided through development of an estate plan. Similarly, those contemplating or experiencing divorce, or perhaps celebrating a second marriage and creating a blended family, should evaluate or re-evaluate long-term life planning objectives. These major life events have a significant effect on not just family structure, but finances, assets, and legacy objectives. Transitioning through some of these changes can be daunting, but our attorneys will customize an estate plan to ensure your intentions are clearly stated and your planning goals achieved.
With all the excitement of being a parent, it is sometimes easy to overlook the importance of having proper estate planning documents in place. However, with that joy comes responsibility, including the need to ensure that your child is properly taken care of in case of a catastrophic event. All parents should have long term and short term guardians in place as well as a plan for the care of their children under a variety of scenarios including the disability/incapacity or death of one or both parents. Understanding of the options available to protect assets intended to be used for minors is another important component of estate planning for parents. Additionally, parents birthday, when the child becomes a legal adult.
As the divorce rate continues to increase, so do the number of second marriages. The needs of blended families often present unique estate planning issues and objectives. If you are in a blended family, you want to make sure assets are distributed equitably and according to your intentions. Counseling about the various methods available to balance providing for a second spouse while still leaving an inheritance for children from a previous marriage considerations blended families must address in their estate plans.
We can help you to identify your assets, outline your objectives, and construct a plan that will provide you and your loved ones peace of mind knowing you have tended to your family?s needs.