Even Young Parents Need Estate Planning for Children
Most young families erroneously assume they
- have many years to create an estate plan;
- don’t have a great deal of property to distribute, and
- therefore they don’t need a will or other estate planning measures in place.
Things happen to people. Bad things happen to young people with children. Your children depend on you for everything. If the unthinkable happens, you may be leaving your minor children vulnerable. That’s not something you or anyone wants to do. Estate Planning for Children is fulfilling your responsibility as parents to do everything possible to make sure they’re OK no matter what.
Estate Planning for Children Enables You to Control Who Raises Them
If parents die and leave behind minor children in Pennsylvania and the parents don’t have a Will, the courts do work in the best interest of your children. The court will appoint a guardian. While the court will do it’s best to choose the best possible guardian they
- will only have met with the guardian for a short time;
- can’t possibly know how the guardian’s beliefs, values, and ideas regarding child rearing agree with yours; and
- lastly, don’t know your children and what they require from the best guardian.
You are Better Judge Than the Court for Deciding Who is the Best Guardian for Your Children
- your children as only a parent can.
- the people who you would entrust with the most important responsibility in the world of raising your children
Don’t you want to be the one who chooses the best guardian? Can you possibly imagine leaving this decision up to someone else who isn’t in a position to make the best choice? The answer is no.
Bad Things Can Happen to Guardians Too
It’s a good idea to specify a succession of guardians in the event something happens to the first named guardian. The time for Estate Planning is now. Our Estate Planning for Children Attorneys will
- examine your child’s needs and the people you know; and
- decide with you who is the best guardian for your children
Estate Planning for Children Enables You to Control the Distribution of Assets
A Will or Trust is essential even if you assume you don’t have much to leave behind or only begun to build up your estate. That’s because you may have more assets than you realize including
- insurance policies at work; and
- most often, some equity in your home.
Minor children will usually inherit property through a guardian or a Trust. Determining now how your Estate’s assets will be divided ensures your children have access to the assets which may be rightfully theirs. Without a Trust or Will, the State will determine how to distribute your assets and property.
Plan now. A Will or Trust distributes your Estate’s assets according to your wishes. Discover ways to protect your children’s inheritance from excessive taxation.
The Time for Estate Planning When Children are Involved is Right Now
- Estate Planning for Children is a primary responsibility of being a parent. Just as you provide for your children in life, it’s equally important to provide for them if something goes wrong.
- You certainly don’t want the court to decide who raises your children or how to distribute your assets. You need a Will or a Trust.
- Do it now. Estate Planning involving minor children is not something you can put off. It’s not intended to be scare tactics. But you never know when something terrible will happen, and that’s just a fact of life.
Proven, Experienced Berks County Estate Planning for Children Attorneys Near Reading, PA
Estate Planning for Children is too important to entrust to a rookie lawyer or impersonal do-it-yourself online solution. Estate Planning for Children is something you want to get right.
You won’t find better, more proven and experienced Estate Planning and Trusts Attorneys in Reading or Berks County. That’s because of we
- have 40 years’ experience helping residents in Berks County around Reading, PA with Estate Planning and other legal needs;
- handled Estate Planning for Non-Traditional and Traditional Households and even Estate Planning for Businesses;
- very importantly, have a reputation for being the most family-oriented law firm in Berks County who sincerely appreciate and understand your desire to take care of your children.
Whether you’re just starting out or already have substantial assets, our Estate Planning Attorneys. Gain peace of mind. Protect your children. Contact Us Online or call us at 610-670-9000 today.
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