If you are the parent of young children, you already know that your role as a parent is both the most rewarding, and most terrifying, role you will likely ever undertake. The moment you became a parent your priorities undoubtedly changed. The desire to protect and provide for your children guides all your decisions, including those you make within your estate plan. A Waukegan estate planning attorney at Hedeker Law, Ltd. explains how estate planning changes hen you are the parent of young children. Is a Last Will and Testament Enough? Your Last Will and Testament probably serves as the [Read more…]
Estate Planning for Parents of Young Children — Why You Need a Trust
Taking the time to create a comprehensive estate plan is important for every adult; however, once you become a parent it takes on a heightened importance. Naturally, as a parent, you want to make sure your child is well cared for in the event that something happens to you. You should consult with an experienced estate planning attorney to decide what specific components you need in your plan now that you are a parent. The Waukegan trust attorneys at Hedeker Law, Ltd, however, explain why a common addition for parents of young children is a trust. Why Your Last Will [Read more…]
Inheritance Planning for Parents with Minor Children
Inheritance planning is something that every adult should think about and discuss with an experienced estate planning attorney. For the parents of minor children, however, inheritance planning takes on a heightened importance for several reasons. Although no parent wants to dwell on the possibility that something could take them away from their children, the reality is that death or incapacity could do just that at any time and without warning. If you have minor children, and you have yet to focus on inheritance planning, now is the time to gets started. What Is Inheritance Planning? The term “inheritance planning” is [Read more…]
