Any estate planning meeting is valuable for determining your goals and future steps. However, having an estate planning attorney who is knowledgeable about the particular types of documents that you need can be extremely beneficial. Planning ahead for potential catastrophe is not always easy or fun, but it is extremely important. You can make things easier for your loved ones that you leave behind when you pass away. It is important to consider that even if you have accumulated minor assets or have minor children, you still need to engage in estate planning.
Sadly, for those people who have children under age 18, a study by caring.com indicates that just over one third of people have an end of life plan in place. As a parent, you have dedicated a good portion of your life to ensuring that your children are safe and properly cared for, but if you haven’t taken the necessary estate planning steps to protect them, you need to engage in this now with the help of an experienced attorney.
You should always have a will that names guardians for your children, if something were to happen to you and your spouse. Without a will the court is responsible for appointing someone to step in this position. If there is life insurance involved, this can also generate serious questions for your loved ones and cause unnecessary frustration or drama. Consulting with an experienced estate planning attorney is strongly recommended if you have goals that you intend to accomplish through the purpose of your estate planning.