Young Families: Wills and Child Care
Young families have unique needs that must be addressed by their estate planning documents.
Take a few moments to consider your most valuable asset? I believe the correct answer for many is your child or children. If you have young ones who depend on you, they need to be able to depend on something in the event that you can no longer care for them.
A plan for every season means being prepared for whatever the weather may be.
Your children’s protection plan will provide for your children as you see fit, and work in conjunction with your inheritance plan. As a young family, you might not have a great deal of monetary assets and so you might not require a living trust. In your 20s or early 30s, a will is usually sufficient to distribute your assets according to your wishes and take care of your loved ones.