For many people, the birth of their first child is the first time they take their own mortality seriously. This naturally leads to a series of important estate planning questions: What’s the best way for us, as parents, to pass along any wealth we’ve built? Who could make difficult decisions if we’re suddenly incapacitated? What happens if we die when our children are minors? Who would manage their finances? Who could be their guardian? 

This is especially important, because leaving property to a minor child is not as simple as naming the child in a will. Young children cannot manage…

Continue Reading Five Estate Planning Documents Parents Should Consider