Adding a new addition to your family? Or maybe you know someone who is! Now is the perfect time to get your affairs in order. Here are some tips for new parents:<\/p>\n
Naming Guardians<\/strong><\/p>\n One of the most important decisions you can make as a new parent is choosing a guardian who will care for your child if something happens to you and your spouse. Without a designated guardian, a judge will decide who raises your children. What if they appoint someone who does not share your values or parenting style? All new parents should have a will.<\/p>\n Setting Up a Trust<\/strong><\/p>\n Few parents want their children to get a big lump sum on their 18th birthday, with no rules or restrictions! A trust allows you to designate how and when your child will inherit your assets<\/strong>. We call this putting in \u201cguardrails\u201d. With a trust, you can delay or stagger the distributions to later ages and stages.<\/p>\n Avoiding Unnecessary Costs<\/strong><\/p>\n As a parent, you want every penny of your hard-earned money going to your children, not to lawyers or the government. Probate court can be an expensive process, eating up as much as 10%<\/strong> of the total estate. A better option may be a revocable living trust, which bypasses probate court, saving your family money and time.<\/p>\n Ready to protect your family\u2019s future?<\/strong><\/p>\n Take the first step towards peace of mind by booking a Peace of Mind Planning Session with attorney Bill Talham. This is a 1-hour meeting where we will review your questionnaire, answer your questions, and present our flat fee packages! If we decide we\u2019re a good fit to work together, we\u2019ll take the next steps. And if not, that\u2019s fine too! Book your Peace of Mind Planning Session HERE<\/a>. Mention this blog and we\u2019ll waive the $350 session fee!<\/p>\n PS – Like what you read? Send this blog to a friend!<\/p>\n","protected":false},"excerpt":{"rendered":" Adding a new addition to your family? Or maybe you know someone who is! Now is the perfect time to get your affairs in order. Here are some tips for new parents: Naming Guardians One of the most important decisions you can make as a new parent is choosing a guardian who will care for […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-675","post","type-post","status-publish","format-standard","hentry","category-news","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"_links":{"self":[{"href":"https:\/\/talhamlawoffice.com\/site\/wp-json\/wp\/v2\/posts\/675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/talhamlawoffice.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/talhamlawoffice.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/talhamlawoffice.com\/site\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/talhamlawoffice.com\/site\/wp-json\/wp\/v2\/comments?post=675"}],"version-history":[{"count":1,"href":"https:\/\/talhamlawoffice.com\/site\/wp-json\/wp\/v2\/posts\/675\/revisions"}],"predecessor-version":[{"id":676,"href":"https:\/\/talhamlawoffice.com\/site\/wp-json\/wp\/v2\/posts\/675\/revisions\/676"}],"wp:attachment":[{"href":"https:\/\/talhamlawoffice.com\/site\/wp-json\/wp\/v2\/media?parent=675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/talhamlawoffice.com\/site\/wp-json\/wp\/v2\/categories?post=675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/talhamlawoffice.com\/site\/wp-json\/wp\/v2\/tags?post=675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}