When you have a baby, you should talk with an estate planning attorney. Many new parents are overwhelmed with the responsibilities of parenting and speaking with a legal professional may be the last thing on their minds. It is also commonly believed that estate planning attorneys only help with issues affecting seniors, and most new parents are young or middle aged and may not realize they need the advice that an estate planning attorney can provide. The reality, however, is getting assistance from a lawyer experienced in estate planning issues can be one of the most important steps you can take to ensure that your new baby is always cared for.
The Law Office of Michael Robinson, P.C. helps new parents and young families to make solid plans for the future to protect their children both in the short-term and over the long-haul.
Whether you have just gotten married, just discovered you are having a baby, or have growing children under your care, we can provide you with the advice and the guidance you need to help ensure a more secure future for your children. Give us a call today to find out more about why talking to an estate planning attorney is important and to discover what our legal team can do for you.
Why It is Important for New Parents to Talk to an Estate planning attorney
An estate planning attorney doesn’t just help seniors. Legal professionals with experience in the field of estate planning provide assistance to people who want to plan ahead for the future, in case of incapacity or death. A serious illness or a fatality are more likely to happen when you are older, but these things can also happen to young people too- including to new parents. When you have a child who you are responsible for, you need to be prepared in case the worst happens to you or to your child’s other parent.
Estate planning attorneys also provide help with incapacity planning and with estate planning. Once you have a child, you want to make sure you have control over who cares for your child even if you are no longer able to do so on your own because you have become incapacitated due to illness or injury or because you have passed away.
Parents should name a guardian for their children who will take over responsibility for a child’s care if something happens to them. It is also very common for parents to wish to provide financially for their children in such a situation. This means making provisions to ensure there is money for the care of a child and that the money is held in trust and managed appropriately in the child’s best interests.
Having the right insurance and taking steps to protect assets is also important for new parents who want to make sure that children are provided for if something unexpected should happen. An estate planning attorney can provide advice on life insurance policies and on different methods of protecting family assets, such as the creation of trusts. By making smart moves to protect your growing wealth, you can ensure that your child will have a more financially secure future.
Getting Help From an Estate planning attorney
If you have discovered you are having a baby or if you have brought a child into this world, now is the time to talk with an estate planning attorney about how to protect your child and ensure your child will always have stability and security even if something happens to you. Contact the Law Office of Michael Robinson P.C. today at 585-374-5210 or contact us online to learn more. You can also download our free estate planning checklist to discover more about the estate planning process.
- Business Succession Planning May Be Easier than You Think - June 1, 2022
- Estate Planning – Something You Shouldn’t Do Yourself - May 18, 2022
- Just When You Thought You Understood the 10-Year Rule, Think Again - May 11, 2022