Making well-informed decisions and planning ahead are among a parent’s most important responsibilities. This is especially true when minor children are involved. While it may seem easy and inexpensive to prepare your own Last Will and Testament, the pitfalls may far outweigh the benefits. Every family has different financial circumstances, different values, and different expectations for their children. An online estate planning program cannot take all those differences into account to create a unique estate plan reflecting your family’s goals. And, your children may suffer the consequences.
Complex issues such as selecting a guardian and establishing a trust or custodial account for the future financial support of minor children must all be considered in light of state and federal laws. Teaming with an attorney can help insure that you don’t overlook an option or misunderstand tax implications resulting from your choices. A child’s future is at stake. You want to make sure you get it right.
Getting Legal Help
Working as a team with an estate planning attorney, you can create a plan that preserves assets, minimizes taxes, and protects loved ones. Experienced Estate Planning Attorney Elga Goodman can help you understand your various options including trust strategies. Contact us today at 973-841-5111.
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