When you’re young, estate planning is often the very furthest thing from your mind. But life can hold some unpleasant surprises, and no one knows what the future holds. When you have children, although you have every reason to believe you’ll be around to see them graduate from college, marry, and have families of their own, this is a situation where you absolutely must expect the best but prepare for the worst. If one or both parents should die, who will take care of your children and where will the money come from to provide for them? If you have a child with special needs, the need for planning is even more pressing.
Although it may be uncomfortable to think about your untimely death, making a will is something you need to do as a responsible parent acting out of love for your children. You should consult an estate planning attorney who will review your financial situation and your total assets and help you create a plan to ensure that your children will be provided for, especially if both parents should die. At the minimum, you need to consider the following:
These are weighty matters, and it’s easy to put off having to deal with them, but you could wait until it’s too late. Writing your will is something you need to do now if you have one or more child.
The lawyers at the estate planning law firm of Gorman & Jones, PLC, are sensitive to the difficulties of contemplating being separated from your children by death. We will provide the guidance you need to make the best choices for your family—not because your death is likely, but because of the peace of mind that will come from knowing that you’ve provided for your loved ones in any eventuality.
Call Gorman & Jones, PLC, today to arrange a time to come in and talk to us about preparing a will. We have both day and evening hours and conveniently located offices in Phoenix, Scottsdale, Sun City, and Sun City West and can meet with you during the business day or evenings.