New parents have a lot of responsibilities to handle and estate planning may be the furthest thing from their minds. However, the creation of a family is precisely the time when planning for the future should be paramount, and new parents should take the time to plan their estates.<\/p>\n
The first step is to execute a will and possibly a trust. It is important to specify how you want your assets distributed. Although you may be planning to leave everything to your children anyway, what if you were to die before they reach the age of majority? Without a will, your assets would be transferred to their children when they turn 18. Many people wish to create a trust that provides that money be managed on behalf of their children, with certain amounts becoming available at certain ages. This can be essential to protecting young people from themselves and ensuring that they (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" New parents have a lot of responsibilities to handle and estate planning may be the furthest thing from their minds. However, the creation of a family is precisely the time when planning for the future should be paramount, and new…<\/span><\/p>\n