Estate Planning for Children in California
An Experienced California Estate Planning Lawyer Working with Clients throughout Orange and Los Angeles Counties
When you have children, everything changes, and your estate planning goals and strategies should be no exception. When you don’t have kids, your primary estate planning goals are likely protecting your assets, reducing your tax liability, and ensuring that your assets are distributed according to your wishes after you pass away. After you have children, however, you will almost certainly update your estate plan to ensure that your children are provided for in the future.
Assisting with All Aspects of Estate Planning for Children
Two of the estate planning issues that you should address when you have children are guardianship and creating a trust.
- Naming a guardian for your minor children – If you have minor children, you should update your will to name a guardian for your children in the event that something happens to you. A guardian will be able to legal decisions on behalf of your kids and take care of them and their assets. In fact, you can name alternates to account for the possibility that something happens to your first choice or circumstances change.
- Establishing a trust – When you have children, you should also considering establishing a trust and naming your children as beneficiaries. Any assets that you place into the trust will pass directly to your children if you pass away without them having to go through probate, which can be time-consuming and expensive.
Call Today to Schedule a Consultation with an Experienced Estate Planning Lawyer in California
Brasov Law is dedicated to helping people with young children establish estate plans that protect their assets and address their family’s future needs. Attorney Narcis Brasov is qualified to assist in all aspects of estate planning, including will drafting, trust creation, and planning for medical emergencies. To schedule a consultation with Mr. Brasov, call today at 213.948.2500 or request a consultation through the form below.