The last thing any parent wants to think about is what will happen to their children should both them and their spouse pass away earlier than expected. Untimely death is perhaps one of the most dreary subjects to dwell on, however, it is necessary to prepare for. At least once you have established a secure estate plan for your children, you will have the peace of mind knowing they will be taken care of in your absence.
Of course, no amount of planning will cancel out the grief your family will feel, it can mitigate some of the stress that accompanies it. Your financial situation is an important one, though you can address even more than purely financial issues in a comprehensive estate plan. To learn more about estate planning for your children, there are several things you can do, and several resources available at your fingertips to help.
First, you can read on to learn about certain key issues you can address in an estate plan. From here, you should contact an experienced estate planning attorney who is ready to help you get the peace of mind that you need so you and your children can live long, peaceful, and prosperous lives together. Here are some of the questions you may have:
How does writing a will benefit my children?
One of the most important aspects of creating a will, especially for parents, is appointing guardians. For many, though this is a tough decision, directly selecting a person of your choice to raise your children should you pass away in an untimely fashion is a far superior alternative than simply letting the courts decide. Reach out to whoever you wish to appoint as a guardian and ensure they would be willing to take on that task before doing so.
Should I establish durable powers of attorney?
A durable power of attorney allows those who you appoint to make key decisions for you, should you become incapacitated and no longer able to manage certain aspects of your life on your own. There are financial powers of attorney that allow a trusted individual to manage your finances, ensuring they eventually are distributed as you would have intended. You can also appoint a health care power of attorney, which will allow either the same, or another trusted individual to make important health care decisions for you if you are unable to do so yourself.
Contact our experienced California firm
Working with an experienced estate planning attorney, such as Jaci Feldman of the Woodland Hills, California, Law Office of Yacoba Ann Feldman, will ensure that you are taken care of when you need it most. Do not delay. Estate planning is a more urgent matter than you may think. You never know what the future holds. Contact The Law Offices of Yacoba Ann Feldman to schedule a consultation today.