Los Angeles Personal Injury Lawyer Directory

  • Home
  • Credentials Matter
  • Practice Areas
    • Personal Injury
    • Automobile Accident
    • Car Accident
    • Workers Compensation
    • Wrongful Death
    • Cruise Accident
    • Slip & Fall
    • Uber Accident
  • Blog
  • Contact an Attorney

January 23, 2020 by MatadorAdmin

What You Should Consider When Estate Planning with Young Children

Especially for younger couples who have minor children, you may believe that creating an estate plan serves no purpose. You may not have built up a large amount of money, you may not have a lot in your retirement accounts, and you may not own expensive property. However, even when you only have a few items of worth, you will want to consider creating an estate plan, especially if you have minor children. An estate planning attorney, like an estate planning attorney in Sacramento, CA, understands that creating an estate plan may seem like the beginning of the end. However, it is a great way to ensure that your children will be taken care of if you are unable to do so. 

How can an estate plan help our minor children? 

When estate planning, you are likely referring to a document such as a power of attorney, an advance medical directive, or a will. The latter is one of the most important documents you can create when wanting to take care of your minor children. This can ensure that your assets will be distributed the way you want them to be after you pass away and if you pass away before your spouse that they will have what they need to take care of your children. If, however, both parents die, a will can ensure that your children are still set up and taken care of.

  1. A will can name guardians. When it comes to who you and your spouse want to take care of your children after you pass away, a will is the place to name them. If in the unfortunate event that you and your spouse die simultaneously and your children are left with no parents, you want to know that the right people are there to step in. A will is just the place to decide who you want those guardians to be. Things you may want to take into consideration are whether certain people live close to your family members, whether they currently see your children often and have a good relationship with them, whether they follow the same religious values that you do, and what their financial situation is. This can help ensure you are comfortable with who takes care of them instead of leaving it up to the state. 
  2. A will transfers assets. When a parent creates a will, they can create a minor’s trust so that certain assets will be managed by a trustee. This trustee can then invest and use these assets for the minor children as long as they follow the guidance of the will. There are many ways that a parent can distribute assets to their children and it is not necessarily when the child reaches the age of adulthood. It can be outlined more specifically in the details of the will. 

If you have more information on how you can protect your minor children in your will, please contact an estate planning attorney today. 

Thanks to Yee Law Group, PC for their insight into some things you need to consider when estate planning for your young children. 

Filed Under: LA Personal Injury Law

Los Angeles Personal Injury Lawyers

  • Home
  • Credentials Matter
  • Practice Areas
    • Personal Injury
    • Automobile Accident
    • Car Accident
    • Workers Compensation
    • Wrongful Death
    • Cruise Accident
    • Slip & Fall
    • Uber Accident
  • Blog
  • Contact an Attorney

L.A. Personal Injury Resources

LA Car Accident Lawyers
Automobile Accident Lawyer LA
Los Angeles Personal Injury Lawyer
Los Angeles Automobile Accident Attorney
Car Accident Lawyer Los Angeles
Los Angeles Workers Compensation Attorney
Los Angeles Wrongful Death Attorney
Los Angeles Slip & Fall Lawyer
Uber Accident Lawyer Los Angeles
Motorcycle Accident Lawyer Woodland Hills CA
Truck Accident Lawyer Woodland Hills CA
Los Angeles Personal Injury Attorneys

Other Resources

Hot Legal Tips
Dog Bite lawyer Denver CO
Cruise Accident Lawyers LA
Drug Possession Lawyer Llano, TX
Pedestrian Accident Lawyer Atlanta GA
Car Accident Lawyer Los Angeles CA

Contact an Attorney

Contact an attorney from one of Los Angeles' premier personal injury law firms.

Free Case Evaluation

No Legal Advice Intended. This website includes general information about legal issues and law practices. Such materials are for informational purposes only and should not be considered legal advice or counsel. Information may not reflect current legal standards. For legal advice specific to your needs, contact an attorney licensed in your jurisdiction. Do not rely on any statement on this website for any reason whatsoever. Furthermore, the information contained in this website is for informational purposes only. It is not, nor is it intended to be, legal advice or representation. Your review or use of this web site, its information and links does not create an attorney-client relationship or an attorney-client privilege between this law firm and you. Statements made to this firm before the formation of an attorney-client relationship may not be privileged and confidential.


Other Resources
American Bar Association | The American Lawyer | National Lawyers Association | Lawyers Without Borders | American College of Trial Lawyers | American Bar Association | National Association of Women Lawyers | Lawyers Associated Worldwide | Car Accident Lawyer DC | DC Personal Injury Lawyer | Elizabeth, NJ Workers Comp Attorney


© COPYRIGHT 2023 LOS ANGELES PERSONAL INJURY LAWYERS | POWERED BY SEO Marketing For Attorneys