Estate Planning & Trust Counsel for Families with Young Children
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Keys to Estate Planning for Young Children
Create a Trust
An estate plan for children should include a trust. A trust protects your children in several ways:
- A trust allows you to specify how your assets should be managed for your children.
- You may specify the age at which trust assets should be distributed to chldren.
- A trust reduces waste and loss of assets by your children during the term of the trust.
- A trust allows your family to bypass time-consuming and costly probate proceedings.
Appoint a Trustee
An estate plan allows you to direct your assets to your children under the control of a trustee that you select. The trustee should be someone who is capable of managing your assets in a financially responsible manner.
Without a trustee, your assets must be administered for minor children by a court-appointed "conservator" until they reach the age of 18. The conservator may be a family member, but if they cannot agree, the court may appoint a professional third party. This process can be costly and time-consuming.
Appoint a Guardian
An estate plan for children must include a document to designate a guardian. Without this important document, your family will not be certain who should be appointed to care for your children. If so, they may fight among themselves regarding the best course of action. Any such disputes must be resolved in court. Also, the court may appoint a different person as guardian than you would have selected.
Fund the Trust
A trust is a critical element of estate planning for children. However, the trust must be funded for it to work correctly. "Funding" is the process of adding assets to a trust to avoid probate. We will guide you through each step to properly fund your trust.
Complete Estate Plans for Parents with Young Children
These estate plans include everything you need to protect your children at a simple flat fee.
Basic Estate Plan
$1,450 for 1 person
$1,850 for 2 persons
What Is It?
Simple and low cost estate plan for people who don't mind using probate to distribute their property upon death.
What's Included?
● Consultation to customize your plan
● Last will & testament
● Power of attorney
● Healthcare directive
● Appointment of guardian
● Appointment of funeral representative
● Estate planning roadmap
● Witness and notarize documents
● Storage binder for original documents
● Flash drive with copy of all documents
Who's It Designed For?
Designed for anyone who:
● Has relatively simple estate planning needs
● Does not have assets that require management by a trustee for beneficiaries
● Needs a complete estate plan at the lowest cost
Why You'll Love It
● Lowest cost complete estate plan for simple planning situations
● Completely customizable for most situations (except probate avoidance)
● All essential estate planning documents and instructions are included
Living Trust Plan
$2,850 for 1 person
$3,250 for 2 persons
What Is It?
A Living Trust Plan uses a revocable "living" trust, along with several other documents, to manage and distribute your assets without probate court administration.
What's Included?
● Consultation to customize your plan
● Revocable ("living") trust
● Certificate of trust existence
● Authorization to disclose medical information
● Deed to transfer real estate to trust
● Assignment of personal property to trust
● Assignment of state-titled property to trust
● Assignment of small business entity to trust
● Trust funding instructions
● All documents needed by the trustee to administer the trust (trustee instructions, acceptance of trust, certificate of trust, notice to beneficiaries, and notice to creditors)
● Pour-over will
● Power of attorney
● Healthcare directive
● Appointment of guardian
● Appointment of funeral representative
● Estate planning roadmap
● Storage binder for original documents
● Flash drive for copy of documents
Who's It Designed For?
Designed for anyone who:
● Desires to avoid probate with maximum control over distribution of assets
● Wants to appoint a person to manage and distribute their estate
● Has minor children, or multiple adult beneficiaries, or relatively complex distribution plans for their property
Why You'll Love It
● Comprehensive estate plan to manage and distribute trust assets to any number of beneficiaries without probate
● Completely customized documents to your specifications
● Provides maximum control over distribution and administration of trust assets
● Designate a trustee to handle estate administration
● Designate a guardian to care for young children
● Feel confident that your assets will be distributed as you direct
● Includes instructions and forms to guide trustees to handle trust property without an attorney
Your Estate Planning Professionals.
We have a great team of experienced people you will enjoy working with.
What Your Neighbors Are Saying...
We make estate planning simple and stress-free.
Very professional and knowledgeable! They made the detailed process very easy for me to understand and make the best decisions.
Vickie B.
This was such a nice experience working with this firm for our estate planning. They are extremely knowledgeable and guided us to the perfect plan for us.
Carol Z.
From the very first consultation, the team took the time to explain every detail, answer all my questions, and ensure that my wishes were clearly documented and legally sound.
Derrick D.
Extremely knowledgeable and helped us with all our questions regarding laws and procedures pertaining to a detailed trust. We highly recommend this law firm.
Anjali B.
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