Estate Planning Tips for New Parents

While being a new parent can be very demanding, estate planning may not be a high priority. However, it is an important task and shouldn't be ignored. On the off chance you and your spouse die without writing a will and appointing a guardian before your child turns 18, he or she could be appointed a caregiver you don't approve of. Typically, the court will appoint a family member, but you may not want that particular family member being responsible for your child. Our estate planning attorneys at the Lake of the Ozarks are here to give new parents a few estate planning tips. If you find yourself needing help from an experienced Camden County lawyer for this important task, call Phillips, McElyea, Carpenter, and Welch today at 573-346-7231 to schedule your free consultation today.


Estate Planning Tips for New Parents


Choosing the Right Beneficiaries
It's important to keep your beneficiaries updated at all times. For example, if you were married once before and made that spouse your beneficiary, but then divorced, remarried and had kids with someone else - your assets would may go to whoever you named as your beneficiary, in this case, your ex. Typically, your spouse would use the money you left behind for your kids, so it is important to be sure the right person is named as your beneficiary.

Appointing a Guardian in Your Will
The guardian you choose is the person that will care for your minor children in the event you and the child's other parent pass away. When choosing your guardian, keep in mind that your children would already be going through so much having lost their parents, you probably don't want to put them through any more pain or change by choosing a guardian that lives far away. Then, they may have to move to a new school district, make new friends, and uproot their lives. That can be a lot for a child to handle. You may consider choosing someone you trust but who also lives nearby that your children are familiar with and like.


New Parents, Get Your Will Drawn up By Phillips, McElyea, Carpenter and Welch


We have the knowledge and experience to help you make your wishes known. We have experience drafting several documents, such as the following:
  • wills
  • trusts
  • powers of attorney
  • health care directives
  • living wills
  • guardianships
  • conservatorships
  • probate administration
Upon passing of your loved one, our Missouri probate administration attorneys can assist both personal representatives and/or trustees in administering and distributing estate and trust assets through final distribution to the beneficiaries. For estate planning at the Lake of the Ozarks, you can count on, call Phillips, McElyea, Carpenter, and Welch today.


Law Offices of Phillips, McElyea, Carpenter, & Welch, P.C.
The choice of a lawyer is an important decision and should not be based solely on advertising. When you need a knowledgeable attorney, we invite you to contact us to set up a consultation. Evening and weekend appointments are available. We have access to interpreters.

We accept Visa, MasterCard, and Discover.

85 Court Circle N.W., P.O. Box 559
Camdenton, MO 65020   GET A MAP
(573) 346-7231 - Telephone
(888) 236-2485 - Toll-Free
(573) 346-4411 - Fax

Location: Camdenton, MO 65020, USA

Comments

Post a Comment

Popular posts from this blog

5 Reasons To Hire A Criminal Defense Attorney

Image
Criminal charges can turn your life upside down. If you are found guilty, you can suffer numerous consequences, including fines, imprisonment, and effect on your permanent record. If you are facing criminal charges, hiring an experienced criminal defense attorney can make a world of difference. Consider these reason why you should hire a criminal defense lawyer to represent your case. 1. Your Attorney Understands The Law It's no secret that the legal field is complex. Every law has exceptions, and every circumstance has different specific requirements. You need a criminal defense attorney that has experience dealing with these minute details and can help you use them to build a solid case. 2. Your Attorney Knows The Scene The Missouri Courts are like a world of their own. Each court has its own set of rules, social norms, and strict guidelines governing what behavior is and is not acceptable. If this is your first court case, you can not possibly know all of these unspo...
Read more

Legal Tips to Be Aware of When Entering Into a Marriage

Image
Congratulations! It is 2019 and this is the year you are getting married. Among all of the wedding planning, you probably haven't had time to think about the legal side of getting married. While it is not the most glamorous side, it is worth taking a look into. For example, has your fiance brought up the notion of signing a prenuptial agreement (prenup)? It is best to know what all comes with a prenuptial agreement and the advantages and disadvantages of choosing to sign one. Our attorneys at the Lake of the Ozarks are here to give you a few legal tips to be aware of when entering into a marriage. If you find yourself need a prenuptial agreement drawn up, call Phillips, McElyea, Carpenter, and Welch   today for your free consultation at 573-346-7231. Legal Tips to Be Aware of When Entering Into a Marriage Do You Plan to Legally Change Your Name After You Get Married? If you plan to change your legal name after marriage, here is what you need to do. According to the Misso...
Read more

Global Entrepreneurship Week: 5 Tips For Aspiring Entrepreneurs

Image
We live in a business-oriented society. From buying groceries to traveling internationally, we rely heavily on local, national, and international businesses for many a spect s of our lives. We have become so accustomed to using these businesses in our day-to-day lives that we now take many of them for granted. No matter how big a corporation is, it's important to realize that every business started out small at some point in time. Every business - even those with thousands of employees - originally began simply as an idea in the mind of one forward-thinking individual. Global Entrepreneurship Week USA We owe entrepreneurs a great debt of gratitude for the roles they have played in shaping our society, our culture, and our nation. Next week (November 14-20, 2016) is designated as Global Entrepreneurship Week USA in recognition of the importance of these forward-thinking individuals. In honor of this important week-long observance, our business attorneys in Camdenton MO ...
Read more