As you embark on the exciting journey of parenthood and envision a bright future for your family, estate planning might not be the first thing on your mind. However, it is a crucial step to ensure that your loved ones are taken care of in case something unexpected happens. As a provider, having a plan in place is essential to support your dependents. If you are a young family, you will need a Texas estate planning attorney to help you with this journey.
What Are Important Considerations If I Have Children?
In the unfortunate event of your passing or that of your spouse, it is vital to designate a guardian for your child. This decision requires careful thought. Consider whether the chosen person shares your values, if your child knows them well, and if the individual has given consent. Avoid selecting someone too young or too advanced in age; aim for someone available to take on the responsibility when needed.
Why Are Digital Assets Important?
Gone are the days of filing away the most important documents. Most people now have digital files of just about everything. Do not overlook your digital assets and property, including music, videos, and documents. Develop a plan for these assets, and keep access passwords in a secure and easily accessible place. Designate someone you trust to manage this aspect of your estate.
...