Estate Planning Fundamentals for Parents: Virtual
During this fun and informative workshop, parents will learn why they need a personalized estate plan to care for themselves and their children should the unfortunate happen. Minor children do not have the legal capacity to inherit. With a personalized trust, parents decide when their children receive their inheritance- at specific ages, for specific reasons, and with specified limitations.
Throughout this workshop you will cover:
-How a customized guardianship nomination can provide potential guardians with a roadmap to your vision for your children’s future.
-Why everyone over the age of eighteen needs an advanced health care directive and durable power of attorney.
-How to control the circumstances in which your children receive their inheritance.
-The difference between a will and a trust.
-How to create an estate with life insurance.
-What happens when someone dies without an estate plan.
-Children are always welcome. However, if your child will understand that we are discussing death then it is your call in whether to bring the child.
-Facilitators are professionals who may have their own private practice. They may use their discretion to determine whether an additional fee is needed when their expertise is solicited outside of class.