• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Unsworth LaPlante, PLLC

Vermont Estate Planning Attorneys

Vermont: (802) 879-7133

Attend A Free Webinar
  • Home
  • Our Firm
    • About Our Firm
    • Meet Our Team
    • What to Expect When Working with Us
  • Services
    • Estate Planning
    • Incapacity Planning
    • IRA & Retirement Planning
    • Legacy Planning
    • LGBTQ Estate Planning
    • Medicaid Planning & Elder Law
    • Pet Planning
    • Special Needs Planning
    • Young Families Planning
  • Resources
    • Articles
    • Elder Law Reports
    • Elder Law Resources
      • Burlington
      • Montpelier
      • Rutland
      • St. Johnsbury
      • White River Junction
    • Estate And Gift Tax Figures
    • Free Estate Planning Worksheet
    • Frequently Asked Questions
      • Estate and Gift Tax
      • Estate Planning
      • FAQs for Families Without an Estate Plan
      • Incapacity Planning
      • IRA & Retirement Planning
      • Legacy Wealth Planning
      • LGBTQ Estate Planning
      • Medicaid
      • Pet Planning
      • Special Needs Planning
      • Trust Administration
      • Trusts
      • Wills
    • Is Your Estate Plan Outdated?
    • Medicaid Resources
      • Medicaid Analysis Worksheet
      • Medicaid Guide
      • Vermont Medicaid
    • Newsletters
    • Presentations
    • Reports
      • Advanced Estate Planning
      • Basic Estate Planning
      • Estate Planning for Niches
    • SECURE Act
    • Top Estate Planning Techniques
  • Webinars
  • Reviews
    • Our Reviews
    • Review Us
  • BLOG
  • Contact
Home » 3 Reasons You Need to Talk With an Estate Planning Lawyer When You Have a Baby

3 Reasons You Need to Talk With an Estate Planning Lawyer When You Have a Baby

March 23, 2017 by Ellen LaPlante

If you are becoming a parent, you need to talk with a Vermont estate planning lawyer. Having a baby brings with it a host of financial responsibilities, along with the joy of adding a new member to your family. You want to make sure your child will always be safe and provided for and an experienced attorney can help you to identify the types of legal tools that will allow you to accomplish this goal. estate planning lawyer

Unsworth LaPlante, PLLC has provided help to many new parents in making plans to create a more secure future for their children. To find out how our legal team can help you when you have found out you are having a new baby or when you have added a child to your family, give us a call today.

Three Reasons You Need to Talk with an Estate Planning Lawyer When You Have a Baby

When you are having a new baby, you have an endless list of things that you need to take care of in order to adjust to having a new bundle of joy in your home. You should put estate planning near the top of your list, though, because life is full of uncertainties and working with an attorney to plan for tragedy is one of the best and most important ways to ensure your child is always protected.

Three key reasons to talk with an estate planning lawyer once you have a child include the following:

  • You need to name a guardian for your child.

If you are raising your child alone and something happens to you, you want control over who is going to care for your child if you are gone. Even if you are raising your child with another parent, it is possible that something could happen to both of you. For example, you could both be involved in an accident that your child survives. You want control over who is going to take care of your child if neither parent can, so you need to name a guardian for your child.

  • You need to make plans for how your child will inherit if something happens to you.

If you pass away before your child is 18, you may want to leave your money and property to you child… but this is a problem because a child under 18 cannot manage an inheritance. When the child is under 18, the court should name a guardian to manage the money and property you left to the child. This may not be the person you’d prefer be put in charge of managing the assets.

The child could also receive a large sum of money and a lot of property at age 18, which is overwhelming for someone that young. You can use legal tools like the Uniform Transfers to Minors Act or the creation of a trust in order to have more control over an inheritance that you leave to your underaged child.

  • You need to make certain you child can be financially provided for, even if something happens to you.

While some parents have enough money and property that their child will be provided for if the parents pass away, many others do not.

An experienced attorney can help you to determine if you should purchase life insurance to provide for your child, and can assist you in determining an appropriate amount of life insurance to purchase. Caring for a child to adulthood is very costly and you want to ensure that you have provided financially for your child so your child will not become a burden on caregivers or be deprived of opportunities due to lack of funds.

Unsworth LaPlante, PLLC helps you to address these legal issues, and any others that can arise when you have a child. Planning for your legacy and your child’s future is vital for new parents, so let us put together a personalized plan for you.

Getting Help from A Vermont Estate Planning Lawyer

Unsworth LaPlante, PLLC will work with you to develop a comprehensive plan to provide as much protection as possible for your new child. As your life changes because your child grows or you add more children, our legal team can also assist you in modifying your plans so you can ensure you have always used the right legal tools appropriate for your unique circumstance.

To find out more about what should be a part of a comprehensive estate plan, download our free estate planning worksheet. You can also give us a call at (802) 879-7133 or contact us online to to get personalized advice from a Vermont estate planning lawyer.

  • Author
  • Recent Posts
Ellen LaPlante
Ellen LaPlante
Ellen LaPlante is an attorney whose mission is to provide clients with guidance in Estate Planning, Elder Law, and Medicaid Preparation. She is barred in Vermont and New York. Ellen helps clients put together unique estate plans, including assistance with Trusts, Wills, Powers of Attorney, and Advance Directives. She also works with clients on Medicaid Planning and qualifying for Medicaid assistance.
Ellen LaPlante
Latest posts by Ellen LaPlante (see all)
  • An Overview of 2022 Medicare Out of Pocket Costs - December 21, 2021
  • Why Would Someone Use a Life Estate? - November 23, 2021
  • Understand the Potential Impact of Alzheimer’s Disease  - November 9, 2021

Filed Under: Estate Planning

Other Articles You May Find Useful

What Estate of Marion Levine Means for Life Insurance
The Evolution of our Unified Estate and Gift Tax System
The Intersection of Legacy Contacts and Estate Planning
It’s Better to Give Than to Receive
IRA estate planning
Five Important Facts About IRA Estate Planning
Tax Planning for 2022

Primary Sidebar

Elder Law and Medicaid Planning Attorneys

Unsworth LaPlante, PLC

DOWNLOAD OUR FREE ESTATE PLANNING WORKSHEET

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.
  • This field is for validation purposes and should be left unchanged.

Follow Us

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

Blog Subscription

  • This field is for validation purposes and should be left unchanged.

Essex Junction, VT

26 Railroad Ave
Essex Junction, VT 05452
United States (US)
Phone: (802) 879-7133
Fax: (802) 879-0408

Map

unsworth_sidbr_map

Office Hours

Monday8:00 AM - 4:00 PM
Tuesday8:00 AM - 4:00 PM
Wednesday8:00 AM - 4:00 PM
Thursday8:00 AM - 4:00 PM

Footer

footer-logo
  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

The information on this Vermont Attorneys & Lawyers / Law Firm website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. This information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship.

American Academy of Estate Planning Attorneys, Inc. Privacy Policy | Contact Us | Disclaimer | Site Map | Powered by American Academy of Estate Planning Attorneys

© 2022 American Academy of Estate Planning Attorneys, Inc.