Protecting Minor Children
Should I add my child’s name to my account?
My clients often ask whether or not it is a good idea to add their child name to their accounts. Adding a child as Power of Attorney (POA) on your account, may be useful if there is ever a period of time you are incapacitated. However, adding a child as co-owner or Payable On Death (POD) beneficiary of your assets could have unintended consequences. If your intention is to leave your child...
Which Distribution Method Is Best? Showing Your Children the Love
If you are a parent, you probably love to do good things for your children—and leaving them an inheritance is one of the most tangible ways you can show your love once you are gone. What you may not know is that there are a variety of ways that you can leave money and property to your children, and you can choose the method you think best takes your goals, including their wellbeing, into...
Estate Planning Basics for Newlyweds – How to Get Prepared for the Unexpected
It’s that time of year – the time for beautiful weddings, fun receptions, delicious cakes, special gifts, and romantic honeymoons. While this is a joyous time for everyone, it’s also time for you and your new spouse to plan for your future – for richer or for poorer, in sickness and in health. Why Newlyweds Need to Plan Their Estates Why should newlyweds care about estate planning? Because...
What Happens When Your Disabled Child Turns 18 and What You Need to Do Beforehand
When your child is under the age of 18, you, as their parent, can make most, if not all decisions, on their behalf. However, when your child turns 18, the law views them as an adult, and you no longer have the ability to control what and how decisions are made, or even receive relevant information about those decisions. For most parents, this is a rite of passage. They just have to sit back and...
Back to School
Back to School!Planning for Your KidsWhether your child is starting 3rd grade or college, the beginning of the school year is an eventful and important time, especially this year. In honor of this, I would like to bring attention to the ways in which you can protect your children with your estate planning, and even estate planning of your child's own. Young ChildrenThe protection of young...
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