The Importance of An Estate Plan If You Have Young Children
Yesterday’s post got me thinking more about why it’s important to have a plan in place if you have young children.
Estate planning allows parents to plan for who will care for their children and how they are cared for, ensures their property will pass to whom they want, the way they want and when they want and determines who will handle the property they leave to their children.
Minors need parents, and if you pass away prior to your child turning 18, who will care for them? If you don’t decide and document it in a plan, the court will decide for you. Read more