As a young adult you suddenly start to take on responsibilities that can be kind of difficult to wrap your head around. Simply having to pay your own bills as you begin your career as a self-supporting working person can be a rude awakening.
Then when you get married your level of responsibility increases enormously. And of course when you become a parent everything changes yet again.
Even though just about everyone proclaims an indescribable love for their children, a very high percentage of young parents are going through life without an estate plan. This is something that has to change, because as we all know, people die unexpectedly and suddenly for various reasons.
If you were no longer around to support your family financially, they could be faced with enormous economic hardship while attempting to deal with your loss on an emotional level.
There is also the matter of child guardianship to consider when you are the parent of a dependent child. This is important for married couples who have children, but it is perhaps even more essential for single parents.
The intelligent first step is to reach out and make an appointment to speak with a northern KY estate planning lawyer. Your attorney will learn about your family dynamic, listen as you explain your wishes, and assist you as you devise a cogent plan that provides for your loved ones come what may.
John’s practice focuses on the use of Wills and Living Trusts in Estate Planning to help individuals protect their families and preserve their legacies after their deaths, but his practice also focuses on the critical issues of protecting individuals with dementia or other diminished capacity, assisting individuals in qualifying for Medicaid and other government benefits to offset the costs of long-term care, and providing special needs planning.
John is admitted to practice law in North Carolina, South Carolina, Kentucky, and Ohio, and he is accredited by the Department of Veterans Affairs.
- What You Need to Know about the Medicaid Look-Back Rule - January 3, 2023
- How to Pass Down Your Legacy in Your Estate Plan - October 3, 2022
- Practical Steps to Take after Receiving a Terminal Diagnosis - September 30, 2022
