Essex Junction estate planning attorneys can provide personalized help to people young and old who want to prepare and plan ahead for their future. Unsworth LaPlante, PLLC can help with making an estate plan, an incapacity plan, a retirement plan, and a legacy plan.
While far too many people think they do not need to talk with Essex Junction estate planning attorneys unless they are older, it is actually very important for young families to get legal help. Unsworth LaPlante, PLLC can offer assistance to people at all phases of life so you should give us a call to get personalized assistance with the plans you need for your situation. You can also read on to learn about some key reasons why young families should work with estate planning lawyers.
Young Families Need to Name a Guardian for Children
If something happens to the parents of young children, someone will need to become the guardian of those children. If parents have not made their preferences known regarding who should serve as the guardian of their kids, a custody battle could ensue as family members fight over who should be in charge of caring for the child. The court could end up appointing a person who is different from the person that their parents would have preferred.
You don’t want your kids involved in a court battle or being raised by someone who does not share your values or beliefs when it comes to their upbringing so you should act while you can to name a trusted guardian in case you can’t raise your kids to adulthood.
You Need to Make Sure Young Children Have the Right Financial Support
Young children are very expensive to raise, and the costs only get older as they near college age and someone needs to pay for their education. Parents need to make sure money is available to provide for the children’s needs if something happens to the parents. An estate planning attorney can help with this process. An attorney can provide advice about life insurance and can also help parents to take steps such as using trusts or transferring assets via the Uniform Transfers to Minors Act so they have more control over what happens to a child’s inheritance and how that inheritance is managed.
It’s Important to Make a Plan for Your Pets
If you are a young family with pets, you want to ensure that there are plans in place so your pets can also be cared for if something should happen to you. You do not want the pets to become homeless or end up with a person different from whom you would have chosen as a caretaker for them. You should work with an attorney to name a caretaker and, in many circumstances, it also makes sense to create a trust to provide some money that must be used to care for the animals for the rest of their lives after you pass away.
You Never Know When Incapacity, Illness or Death Will Occur
Incapacity, illness and death can strike at any age and will be much worse for you and your loved ones if you don’t have the right plans in place. You should create advanced directives so appropriate decisions can be made about your medical care in accordance with your wishes. You should make a plan to afford the costs of nursing home care if you become incapacitated and need to move to an institution that is not covered by your private insurance or Medicare. You should also take control over what happens to your assets when you pass away so you can leave your desired legacy.
Getting Help from Essex Junction Estate Planning Attorneys
Essex Junction estate planning attorneys at Unsworth LaPlante, PLLC will help you to make effective use of legal tools to ensure that you are prepared for any contingency. By making advanced plans using the right legal tools, you can protect your assets and your autonomy in case of an incapacitating illness or injury and you can also make sure the people you love are provided for you so you can leave your desired legacy.
To find out more about the ways in which our legal team can help you with all of your estate planning needs, join us for a free seminar. You can also give us a call at (802) 879-7133 or contact us online to learn more.