Why New Parents Need Wills
New parents need wills
For one thing, with a child, without a trust within the will, if either parent dies and leaves property to a child, a guardian will have to file a report with the court every year until the child reaches eighteen (18).
Second, the new parents need to communicate through their estate planning how they want their property distributed.
Third, if both parents die, their wills can state who they want to raise their children.
Fourth, if the parents want their estate to be confidential, then they need a revocable living trust.
I also recommend “couples checkup” for all new or expectant parents. Everyone knows while children always bring joy, they also bring changes to new parents’ relationship as a couple. Wampler Law Firm wants to be sure all couples are given the best opportunity to succeed financially in their marriage. Therefore, we offer reduced estate planning packages for couples.