Planning for Young Couples
Why Should a Young Couple Worry about Estate Planning?
As a young couple, you are hopefully looking ahead with hope, so thoughts of death and disability may be distant - but unexpected and unfortunate things do happen. Planning is a responsible thing to do, especially if you have children. People without a Will are subject to intestate settlement with beneficiary designations set by the state, not you.
Michael Greenberg will lead you through a process to generate a comprehensive estate plan, including a Will, Power of Attorney, Health Care Directives, and review of existing financial documents. He listens well, creates a comfortable environment, and brings in the human element.
Benefits of Essential Estate Planning Documents
Having all financial documents and accounts up to date, so that parents or siblings are not unintentionally listed on life insurance policies, bank accounts, or retirement plans; he will retitle accounts to joint names if and as required.
Establishing trusts for children and pets, so that all are provided for according to your wishes.
Putting the choice of legal guardian for your children in your hands. You can specify how your assets will be used for them and at what age they will receive the remaining assets.
Avoid guardianship proceedings should your spouse have a disabling accident or illness; provide the legal documents you will need to handle your spouse's legal, financial and medical affairs.
Identify protection gaps, if and as applicable, which may result in more sophisticated insurance policies.
Creation of Special or Supplemental Needs Trusts for dependents, if applicable
Give yourself some peace of mind knowing that you have planned for the unexpected. Contact Michael Greenberg today!