Estate Planning can sound very formal and like it’s a formidable task, but it can actually be quite simple. Estate Planning is the process of setting things to be managed or handled according to your wishes, once you are no longer able to do so. Estate Planning documents can cover things like who will make … See more Just as your life changed when you became ‘mom’ or ‘dad’, your Estate Planning needs will change when you have children. Though many parents don’t pass on until their children are well into adulthood, there are … See more Every family is unique and each family situation comes with special considerations that will be included in the Estate Planning … See more WebEstate Planning for Divorced Parents with Minor Children As your family grows, changes, and becomes more complicated, your estate plan must grow and change with it. If you have minor children and divorce your spouse, you need to pay careful attention to your estate plan after the divorce.

4 Estate-Planning Mistakes I See People Make Over and Over

WebNov 29, 2016 · The simplest way to give your house to your children is to leave it to them in your will. As long as the total amount of your estate is under $12.06 million (in 2024), your estate will not pay estate taxes. In addition, when your children inherit property, it reduces the amount of capital gains taxes they will have to pay if they sell the property. WebJan 4, 2024 · Brian Y. Chou is an Attorney at the firm of Barth Calderon LLP and his practice focuses on asset protection, estate planning, and … jcpenney credit card other fee

Estate Planning with Young Children — Drobny Law Offices, Inc.

WebJun 15, 2024 · Estate Planning Protects Minor Children. You needn’t have the funds for a trust or other long-term investment for your children to protect them with estate planning. As mentioned above, a legal guardian is a critical component of any parent’s will, and this person should be selected as soon as possible. Consider the person’s values and ... WebLearn about the primary concerns when providing for minors, as well as the specialized estate planning options to help transition assets smoothly to children. How you … WebJan 14, 2024 · How to Leave Money to a Minor Child. If you want to leave money or other assets to minor children, there are some things you can do to create a child inheritance plan. The first step is writing a last will and … jcpenney credit card statement