I recently had the pleasure of sitting down with a young and successful couple. They came in to take the necessary steps to protect their young children. I asked many questions, which they had not yet considered, namely, who would raise their children in the case that they were no longer able to do so themselves?
This is a very important question to consider and at times, a difficult one to decide. When your children are young, it can be tiresome trying to anticipate what life circumstances each child may face. You may worry about what type of education you want for them, the cost of that education, the type of friends they will have and how those friends will influence your children. You may even picture what type of individual they will one day marry.
We don’t know what the future holds for our children, much less our own lives. However, not knowing doesn’t mean that you can’t create a plan to protect your children and pass on the assets and legacy that you worked so hard to build. You can create a plan that will give your children a guardian, guidance and financial security when you’ve passed on. The first step is deciding who would take over guardianship and raise your children, think about who best represents you and your values.
The couple I met with today, has a long horizon before them, however, they took the steps to create a plan now, because they want to protect their children should the unexpected happen.
Contributed by MH Cave Creek, Phoenix and Flagstaff Estate Planning Attorney, B. West Hunsaker.
Why Choose Morris Hall:
You have a number of options when it comes to estate planning, so why pick Morris Hall? First off, estate planning and asset protection are a very complicated endeavor and you should only trust someone who focuses exclusively on those matters. Also, MH is a proud member of The American Academy of Estate Planning Attorneys (AAEPA) which provides us additional support, advanced training, tools and information that is not available to others – which means that we can better protect your assets and your loved ones. We are one of only two firms in Arizona that belong to the AAEPA and are the only firm in that has been granted membership. If you have assets and loved ones that you want to protect, you are in good hands with MH. Contact us today at 888.222.1328 to schedule an appointment!
This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.
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