Will You Love Your Child Enough to Secure Their Future?

Be the Best New Parent You Can Be With a Solid Estate Plan

Before your child is even born, you wish for every hope and dream in giving them the best life imaginable. That’s the joy of becoming a new parent. We won’t sugarcoat it and say that it’ll be easy. Rather, it’ll be an incredibly bumpy ride with no end in sight. What you can do is take all of the right precautions to secure your child’s future. We believe that all new parents should make an estate plan as soon as possible, regardless of financial status.

At David Carrier Law, we help new parents make smart choices for their child. Schedule a consultation today and meet with trusted estate planning lawyers in Michigan.

Do You Think Wealth Is What Determines Your Child’s Safety? It’s Not. You Can Create An Estate Plan Without Sitting On Riches.

If you feel like you have nothing to give to your child, you’re wrong. You don’t need to have thousands of dollars tucked away in a savings account or a house that’s fully paid off.

Middle-class estate planning is common sense. You want to be there for your child for as long as you can, but the truth is, you never know when your time will come. It could be much sooner than you might have expected, and you have to be ready for it. But if you don’t have anything worthwhile under your name as a new parent, what could an estate plan possibly do for your child after you’re gone? That’s what we’ll be discussing today, and if you really want to be the best parent you can be, you have to listen up.

You Wouldn’t Entrust Your Child to a Stranger. But That’s What You’ll Be Doing If You Don’t Appoint a Guardian In Your Estate Plan.

What’s the worst thing that can happen to your child after you pass away (or become hospitalized), in your eyes? Leaving them with financial hardship? No. It’s not having control over the role of guardianship. You see, estate planning isn’t just about inheritance. Estate plans cover all important matters, including designations. Once you realize that, you start knowing what it means to be a better parent.

Things change, including who you might trust to have watch over your kid. This is why we always advise keeping your estate plan up to date, whether you’re a new parent or not. Coming back to your estate plan every year is the best way to make sure your exact wishes are carried out at any given time.

Don’t Let Your Child Become a Victim of Creditors and Tax Penalties. Give Them the Best Gift With An Estate Plan That Accounts For Everything.

When you don’t have an estate plan, anything you own is up for probate. This means that your child might have to go to court and fight for what should be rightfully theirs to begin with. They’ll already be dealing with the stress from your loss. Are you going to let them be pushed to the brink just because you didn’t want to create an estate plan?

Let’s say your child comes out of probate with your assets. It would still be too early to celebrate. Now that they have your inheritance, they’ll be fighting back creditors who also want to get their grubby hands on it. With a good family trust lawyer on your side, your estate plan can account for tax mitigation, too.

New parents should read up on estate planning errors to avoid before meeting with an estate planning lawyer in Michigan.

All New Parents Need An Estate Plan Regardless of Wealth. Your Hesitation Could Cost Your Child Their Future, So Get On It Today.

Meet With Estate Planning Attorneys You Can Trust When You Schedule a Consultation With David Carrier Law!