Why "Back to School" Time is "Estate Planning" Time
Brad Smith • Feb 04, 2020
A columnist for Forbes recently posted a story about the back to school shopping frenzy. Back to school shopping can generate huge revenues, like that of Christmas season, with all the necessary clothing and supplies that are needed. For me as an estate planning attorney, the back-to-school season signals an important reminder. Speaking to all parents: this is the perfect opportunity to see that your children are included in your estate plan. If they are not currently apart of your plan, this is time to talk to an estate planning attorney! Here are a few options to figure in children to a complete estate plan.
Beneficiaries: Are your children named as your beneficiaries in your will or any trusts?
Bequests: Are there any specific items (such as jewelry) you wish to leave to a particular child?
Guardianship designations: Should anything happen to you or your spouse, who do you appoint to take care of/raise your children?
Educational considerations: Would your children benefit from an account or trust to help pay for their future educational needs?
Helping you legally plan and establish your designations for your family estate matters, and that’s where I come in. Given my experience as an estate attorney in the Illinois and Missouri area, I have the insight and knowledge to work with you. I will make sure that your directives are put into place properly, legally and completely. That gives you more time to enjoy your family and worry less- if that is even possible as a parent! Please call with any questions or concerns that may arise. The sooner I hear from you, the sooner we can start creating a plan that meets your needs and expectations. Contact me today: 618.659.4499 or info@sivialaw.com.
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