Having a child can be one of the most momentous occasions in a person’s life, and while caring for a new child can be a joyous experience, it also comes with an enormous amount of responsibility. For instance, parents will need to begin contemplating how to provide for their child in the event of a tragedy. New parents may not think they need an estate plan, but this could not be further from the truth. Here at DAL Law Firm, we can help you make the right decision for your estate planning needs.
New parents should consider at least having the following documents in their initial estate plan:
Will with guardianship and trust for minor child
Revocable Living Trusts (if applicable)
Durable Powers of Attorney
Health Care Directives
By creating an estate plan, parents can designate a person to act as their child’s guardian and can ensure that assets will be preserved for the child’s future use.
You should consider speaking with an experienced estate planning attorney who can help you begin the process of planning your own estate. Attorney Darcel Lobo will listen to you and be able to assist you fulfill your wishes regarding your estate planning needs.
If you are a new parent and have questions about estate planning for your child’s future, contact our office today at (206) 408-8158 for a consultation.
[caption id="attachment_100549" align="aligncenter" width="490"] Darcel Lobo[/caption]