Connors and Sullivan, Attorneys at Law, PLLC
For a complimentary consultation
212-235-1339 718-414-6209

How to protect your children with an estate plan

Are your children protected if something happens to you? This is a difficult but necessary question every parent should ask. Estate planning is one of the best ways to protect your loved ones now and in the future. This is especially true for protecting your children in the event something happens to you.

What to include in your estate plan

Your estate plan can include a variety of documents to protect your family in the event you become incapacitated or pass away. Some of the documents to consider including in your estate plan are a will and a health care proxy. Your will specifies how your children will be cared for if anything happens to you. It will also specify how your assets should be distributed and can help your family honor your wishes after you are gone. A health care proxy allows you to designate someone to act on your behalf in the event you cannot make decisions due to an illness or health condition.

A will is a vital part of your estate plan. Your will can address several issues to make sure your children are protected. Some of the issues to consider and include in your will are:

  • Your child’s guardian: This will be the person who will be responsible for raising your children in the event you are incapacitated or pass away. You will also want to consider if this same person should manage your child’s finances or not.
  • How assets will be divided: Take the time to review your shared and individual assets and determine how they will be divided among your children and other family members.
  • Specific wishes: You can include specific instructions for your beneficiaries or executors to make sure your wishes are known and honored.

In addition to a will, you may want to consider having a trust set up to protect your children. A trust provides many additional benefits compared to a will when it comes to asset protection. Trusts can be more complicated so it is important to work with your estate planning attorney to make sure all issues are considered and addressed appropriately.

Do not forget to review your estate planning documents. The beginning of the new year is a good time to review your estate plan and make any necessary updates as your family changes. This will ensure your loved ones are protected and that your wishes are enforceable. Your estate planning attorney can help you review and make updates as necessary.

No Comments

Leave a comment
Comment Information

Office Locations

Brooklyn:
Connors and Sullivan, Attorneys at Law, PLLC
7408 Fifth Avenue
Brooklyn, NY 11209

Phone: 718-414-6209
Fax: 718-238-2616
Brooklyn Law Office Map

Manhattan:
Connors and Sullivan, Attorneys at Law, PLLC
880 Third Avenue
New York, NY 10022

Ph: 212-737-2700
Map & Directions

Bayside Queens:
Connors and Sullivan, Attorneys at Law, PLLC
200-20 Northern Boulevard
Bayside, NY 11361

Ph: 718-225-7200      
Bayside Law Office Map

Middle Village Queens:
Connors and Sullivan, Attorneys at Law, PLLC
79-43 Metropolitan Avenue
Middle Village, NY 11379

Ph: 718-238-6500
Middle Village Law Office Map

Staten Island:
Connors and Sullivan, Attorneys at Law, PLLC
1250 Hylan Boulevard
Staten Island, NY 10305

Ph: 718-238-6500  
Staten Island Law Office Map

Contact Our Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Legal Leaders Presents Martindale-Hubbell | Top Rated Lawyers 2015 | Featuring AV Preeminent | Martindale-Hubbell Lawyer Rating NAELA | National Academy of Elder Law Attorneys, Inc. | Member | Leading the way in Special Needs and Elder Law