PLANNING WITH CHILDREN

WHAT EVERY PARENT NEEDS TO KNOW ABOUT WILLS & TRUSTS

 

ITS ESSENTIAL.

There is no other group of people that need an estate plan more than parents of young children.

Getting a will and a trust should be a top priority for parents of children under 18 years old. If you are like most people, when you hear "estate planning" you think of yachts, your parents, and people in tax brackets you can only hope to eventually reach. However, one of the single biggest misconceptions about wills and trust in Michigan is that estate planning is only for the old and rich. Nothing could be further from the truth.

Parents of minor children are relied on in ways that older generations are not. Parents are concerned with providing physically and financially for small humans that are 100% dependent on them. Older generations are less likely to have children who are still fully dependent. Simply put. The stakes are much higher for parents of children under 18 years old. Fjord Law, PLC can help you create a comprehensive plan to make sure your family is taken care of.

No matter what. 

 
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DECIDE FOR YOURSELF.

Who needs a backup plan more? 
Answer: Your family.

 

THE FJORD LAW THREE PART STRATEGY

Set your family up for success. No matter what.


There is no other group of people that need an estate plan more than parents of young children.

Getting a will and a trust should be a top priority for parents of children under 18 years old. What comes to mind when you think of estate planning? Yachts? Your parents? People in tax brackets you can only hope to eventually reach? One of the single biggest misconceptions about wills and trust in Michigan is that estate planning is only for the old and rich. Nothing could be further from the truth.

If you have minor children, simply writing an informal will is not enough. Proactive planning for parents of minor children requires a specific and complex strategy, which is why Fjord Law, PLC uses a three prong strategy for young families:

STEP ONE

The Single Parent Problem. Make sure your spouse is financially able to take care of the children if you are not there to help.

STEP TWO

The Under 18 Essentials. Make sure your children have their basic needs met before 18 years old. This includes diapers, daycare, medical costs, and a roof over their head.

STEP THREE

The Over 18 Investment. Make sure your children over 18 years old use any money left over, if any, to set them up for success, such as higher education or building a business.

 

THE BIG 3 STRATEGY

Fjord Law, PLC works closely with families that have young children to create a comprehensive plan that works. Don't leave these matters for a judge to decide or your family to argue over. Only you know best. 


Our Michigan estate planning attorney provides FREE phone consultations. Schedule one today to see how Fjord Law, PLC's will, trust, and planning services can help you take care of your family. 

 

| +248 574 5158

41000 Woodward Avenue
East Building | Ste 350
Bloomfield Hills, MI 48304

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