We never know what tomorrow brings, so do not postpone taking care of business now. There are three basic estate planning documents that every adult should have: a will, a power of attorney, and an advance healthcare directive.
As the parent of young children, it is especially important that you have thought about who would care for your children if you were unable to do so, and who would manage the money left to them. As the parent of grown children and/or grandchildren, you need to think about whether you want to leave assets to both generations and, if so, how to protect them until the beneficiaries are old enough to manage them.
If you are part of a family involving step children, second marriages or children with special needs, your estate planning decisions are especially important. If you have a taxable estate, there may be some relatively easy ways to avoid estate tax, or you may require some more complex estate tax planning.
Whatever your needs, the attorneys at Griffin & Jordan are here to help. Making a responsible estate plan is the best gift you can leave your children.
