Estate Planning for Young Families
Having children is one of the greatest blessings in life and it can change our priorities in an instant. As a responsible parent, it’s important to have an estate plan in place to ensure that your family will be taken care of in case of any unexpected event.
The first time most people consider creating an estate plan is when they have their first child. This is because children bring a new set of responsibilities and make it essential to have a solid estate plan. Without one, you cannot be certain about what will happen to your family in case something happens to you. However, with an estate plan, you can rest assured that your loved ones will be taken care of and your financial resources will be available to them.
Guardians for Minor Children Named in Will
Have you made arrangements for the care of your minor children in the event of your death? Have you put this in writing? Every estate plan we create includes a Will, also known as a Last Will and Testament, which allows you to designate a Guardian for your minor children. If you don’t have a Will that designates a Guardian for your children, a stranger in the court could be the one to decide. This is something no one wants to happen.
Disposition of Your Assets Decided in Will
Are you aware of the fate of your finances in the event of your untimely passing? Without a Will, the state and court will have jurisdiction over the distribution of your assets. Ensure that you know how your assets will be handled and ensure that they are safeguarded and reserved for your loved ones. By drafting a Will, you can ensure that your assets will be accessible to your loved ones, providing them with the resources they require.
Authority to Help Your Loved Ones Through Power of Attorney
Are you and your spouse prepared to take care of each other in the event of an emergency? With an estate plan, you can designate a trusted individual to act on your behalf through a Power of Attorney document. This will ensure that you and your loved ones will have the necessary authority to make important decisions and take care of each other in case of an emergency.
At our firm, we believe in the importance of estate planning and we will review with you all the critical elements needed to safeguard your loved ones and assets.
The Attorneys at Krueger and Valente Law, LLC
Can Help You With Your Estate Planning for Young Families.
Call Us
(440) 732-2100
Areas Of Practice
We Service Clients From These Areas and More
- Akron
- Beachwood
- Bedford Heights
- Berea
- Brookpark
- Brunswick
- Chagrin Falls
- Cleveland
- Cuyahoga Falls
- Elyria
- Hudson
- Independence
- Lakewood
- Lorain
- Medina
- Middleburg Heights
- North Olmsted
- Parma
- Rocky River
- Solon
- Strongsville