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Email Us NowProviding Legal Advice to Young Families Establishing Estate Plans
Starting a family comes with many joys and many new responsibilities. As you begin to plan for your family’s bright future, you must also take the time to plan for unexpected instances and potential tragedies. This may be difficult to do, as many people struggle to think of their own untimely deaths, illnesses, or injuries that render them incapacitated, and who will inherit parenting duties if you are ever taken from your children at a young age.
Some of these concerns may feel like they belong to older individuals, not young parents or newlyweds such as yourself. The truth is none of us know the future, and bad luck strikes everybody sometimes. Ultimately, the time to begin planning is today, not tomorrow, for tomorrow is never guaranteed, not to anybody. And you want to make sure that your family’s future is taken care of, especially in the days when you are not there to care for them yourself.
At Perez-Roura Law, we are familiar with the questions and concerns you are facing right now. As experienced legal professionals practicing estate law, we can only provide legal counsel and strongly advise you to consider all the different estate planning tools available to you and your family. Please keep in mind that estate legal matters can be complex and difficult for the uninitiated to understand. We will proudly provide you with our legal services while you aim to complete the most comprehensive estate plan for yourself and your young family.
When Should a Young Family Begin Estate Planning?
There is no such thing as drafting an estate plan too early. There is such a thing as waiting until it is too late, however.
While it is true that young families have different estate planning concerns than parents who’ve led long lives and are looking at retirement, that does not mean that you should proceed without taking measures to protect yourself and your family members from potential risks. As an example, while many older parents may be concerned about the legacy they leave behind and who shall inherit the bulk of their estates, young parents need to be more concerned about what happens while they are still alive and if an injury or illness should rob them of their ability to speak for themselves.
There are many estate planning mechanisms that can distribute assets and protect the interests of you and your beneficiaries while you are still alive, as well as those that look after your children and your surviving spouse after you are gone. If you begin drafting these documents now, they will be in place should the worst ever happen. We must anticipate unfortunate circumstances beyond our control, and estate planning is the most surefire way to do that.
Don’t delay. The time to begin thinking about your estate plan is now. Contact our law firm to schedule a free initial consultation with attorney Pedro Armando Perez-Roura and his highly skilled legal team.
What if Something Happens to You?
If a situation ever occurs where you are unable to communicate your wishes to your family members or professionals responsible for your medical or financial interests, you want the proper legal document in place to speak for you.
All adults, regardless of their marital status or whether they have any children, should have an advanced medical directive, sometimes known as a living will. Additionally, it would be wise to have a durable power of attorney as well. The advance healthcare directive can inform doctors and your loved ones of your decisions for medical care if you are ever rendered incapacitated or unable to speak for yourself. Similarly, the durable power of attorney can entrust a named individual to make financial decisions on your behalf while you are incapacitated.
For more information on durable powers of attorney, living wills, health care surrogates, and health care proxies, please contact our law offices to schedule your free case evaluation.
Have You Established Guardianship for Your Minor Children?
Have you named a legal guardian for your child? If you ever die prematurely, you want to make sure that your last will and testament name a legal guardian for your minor children.
If you fail to deal with the question of guardianship before you pass, then the courts will ultimately be the ones who decide who your children will live with after your death. To ensure that your decision for guardianship is not called into question, it is highly advisable that you retain professional legal counsel to help you with the drafting of your will.
What Are Different Estate Planning Documents You Should Consider?
In addition to a will, which should be the centerpiece of any estate plan, there are a few additional estate planning documents and mechanisms that may prove useful to you, depending upon your circumstances.
These include:
- A durable power of attorney.
- Asset protection strategies.
- Designation of health care surrogate.
- Guardianship.
- Life insurance.
- Living trust.
- Living will.
- Retirement plans.
- Various types of trusts.
Schedule a free case review with our legal team to discuss your estate plan goals, and we can help you determine which estate planning documents suit your needs.
Schedule a Free Consultation with an Experienced Estate Planning Attorney Today
Estate plan lawyer Pedro Armando Perez-Roura and his dedicated legal team have years of experience helping young families establish their estate plans. While it is true that young people, including millennials and those of Generation Z, may have different concerns than their parents, that does not mean that they are invincible or immune to potential pitfalls in the future. It is wise to plan for the future, and that includes the good and the bad.
To speak with the lawyer and his legal staff, please contact our Miami law offices for a free case evaluation. You may call us at 305-570-3259.