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


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