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If you haven’t married, or you are divorced and widowed then you might think that estate planning isn’t your cup of tea but it is.
Being parents has always been a tough job. Taking care of your children and making sure that they are safe, has always been the primary cause of concern for all the parents. The same is the case in estate planning as well. For those who have children, they need to make sure that their estate plan primarily includes the financial stability of their children, especially when they are minors. Thus, this article is here to help such parents who need to come up with the best estate plan for their children’s safe future. Some Tips for Estate Planning for Parents There are some very important points that you must consider while taking care of estate planning if you have offspring
Do you have a young child aged six or seven? Are their teeth perfectly arranged or is it possible they could benefit from orthodontic treatment? A child can have an early orthodontic evaluation as soon as age six or seven and this can be enormously beneficial. By this stage one of our excellent pediatric dentists in Brooklyn can detect any early problems that may be developing. By carefully assessing their teeth, jaws and facial structure, we can determine if it is possible they will benefit from seeing an orthodontist for a full evaluation. Sometimes treatment may not be necessary at this age, but an early examination in can help determine the optimal time for periodontic treatment to begin. What are
Every individual spends his or her whole life in simulating wealth for a better life for their own self and their family as well. During their lifetime, you are there to take care of your property, however, you also want to be assured that all that you own should be benefiting your loved ones after you pass away. In order to achieve this, it is essential to plan your assets. While talking about estate planning, people think that planning your estate means drafting a will, which is quite normal due to available information around it. The fact is that drafting a will and planning your estate seems to be alike as they normally go hand-in-hand, however, a will is only
Children are the most beautiful thing which can ever happen to a family. We all start getting worried about the future and security of our children even before their birth. If you haven’t thought of the estate planning before then you must think about it now because with children it becomes a necessary step. Maybe you have heard about the estate planning before but you haven’t taken any action towards it yet. You should stop thinking about it because now that you have children it is a necessity to great an estate plan for their protection. Estate planning works as a shield for your kids and it does provide future safety to them in your absence. We think that everyone
When it comes to estate planning, many people avoid the idea of thinking that their assets are not adequate which needs to be protected. This thought is quite common among young couples who currently want to amass money and will plan their estate later. However, while doing so, they fail to establish the estate plan and hence fail to protect their children’s future. Hence, it becomes the duty of all the parents that whatever be their assets, plenty or not, they must plan their estate to secure their children’s future which apart from normal assets transfer includes the nomination of a guardian. The New York inheritance law forbids a minor child (Below 18) from directly inheriting and taking control over