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Free Kids Protection Planning Workshops This Weekend + A Reality Check

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Morgan Law Firm now and later

If you’re young, healthy and have small children, you’re probably busy trying to make a living to provide for your family. Most, if not all, your time is spent thinking about babysitters, good schools, soccer games and PTA meetings. The last thing on your mind is providing for your kids if something happens to you. You’re young and young people don’t die, right?

Wrong.

If you have children, especially small children, the time for estate planning is now.

Your estate plan allows you to plan for who will care for your children, makes sure that your property is transferred to the people you want to have it, determines who will handle the business affairs of your estate and who will handle the property you leave to your children.

If you still don’t think you need an estate plan, here are a few things to think about:

Why are you delaying estate planning?

For many couples with young children, the expense of actually sitting down with an attorney may be the leading factor in delaying planning their estate. When you’re trying to pay a mortgage, an estate plan may seem like a luxury you can put off until a later time. But consider the possibility that something does happen to you and/or your spouse. What would happen to your children? If you don’t decide who will take care of your children and put that decision into an estate plan, the court will make the decision for you. And that may very well not be the best choice for your kids.

Some parents delay estate planning because of mixed feelings about death, property issues, even marriage and family relationships. If these issues are causing you to put off planning your estate, take some time to sit down and discuss them with your spouse and really get a handle on your feelings. Once you’ve dealt with how you feel about these issues, you will have a much better handle on how to plan your estate and the peace of mind that comes from knowing that your children and your property will be taken care of.

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